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  2. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    The requirement of an objective perspective is important in cases where a party claims that an offer was not accepted and seeks to take advantage of the performance of the other party. Here, we can apply the test of whether a reasonable bystander (a "fly on the wall") would have perceived that the party has impliedly accepted the offer by conduct.

  3. Power of acceptance - Wikipedia

    en.wikipedia.org/wiki/Power_of_acceptance

    The defendant rejected the offer. The plaintiff then tried to accept the second offer. However, the defendant refused to sell. It was held that the second offer of £1,000 was terminated when the counter offer of £950 was made, and that the second offer could not be revived just because the counter offer was rejected. An offer must therefore ...

  4. Firm offer - Wikipedia

    en.wikipedia.org/wiki/Firm_offer

    As a general rule, all offers are revocable at any time prior to acceptance, even those offers that purport to be irrevocable on their face. In the United States , an exception is the merchant firm offer rule set out in Uniform Commercial Code - § 2-205, which states that an offer is firm and irrevocable if it is an offer to buy or sell goods ...

  5. Trump administration says it's revoking some government job ...

    www.aol.com/trump-administration-says-revoking...

    Federal job offers accepted before Monday with start dates after February 8 are revoked, a memo said. The Office of Personnel Management said agency heads could seek written approval to renew an ...

  6. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    Day 2: A decides to revoke the offer and puts a letter in the mail to B revoking the offer. Day 3: B puts a letter accepting the offer in the mail. Day 4: B receives A's revocation letter. The letter of revocation can be effective only when received, that is Day 4. However, a contract was formed on Day 3 when the letter of acceptance was posted.

  7. Escrow -- It's What Happens After Your Homebuying Offer Is ...

    www.aol.com/news/2012-12-05-closing-escrow-tips.html

    But you haven't given up, and finally you get the call from your real estate agent: Your latest offer has been accepted! You might think it's the end of the road to property ownership. But really ...

  8. Mirror image rule - Wikipedia

    en.wikipedia.org/wiki/Mirror_image_rule

    The English common law established the concepts of consensus ad idem, offer, acceptance and counter-offer. The leading case on counter-offer is Hyde v Wrench [1840]. [ 3 ] The phrase "Mirror-Image Rule" is rarely (if at all) used by English lawyers; but the concept remains valid, as in Gibson v Manchester City Council [1979], [ 4 ] and Butler ...

  9. Trump offers millions of federal workers eight months pay to ...

    www.aol.com/news/trump-offers-millions-federal...

    The Trump administration expects up to 10% of employees to accept the offer, or around 200,000 of the more than two million workers the federal government employs, according to the BBC's US ...