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  3. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    In the case of options, the general rule stated above applies even when the offeror promises to hold the offer open for a certain period of time. For example, Alice says to Bob, "I'll sell you my watch for $10, and you can have a week to decide." Alice is free to revoke her offer during the week, as long as Bob has not accepted the offer.

  4. Consent decree - Wikipedia

    en.wikipedia.org/wiki/Consent_decree

    The process of introducing a consent decree begins with negotiation. [5] One of three things happens: a lawsuit is filed and the parties concerned reach an agreement prior to adjudication of the contested issues; a lawsuit is filed and actively contested, and the parties reach an agreement after the court has ruled on some issues; or the parties settle their dispute prior to the filing of a ...

  5. Accord and satisfaction - Wikipedia

    en.wikipedia.org/wiki/Accord_and_satisfaction

    Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

  6. Texas annexation - Wikipedia

    en.wikipedia.org/wiki/Texas_annexation

    On March 1, 1845, President Tyler signed the annexation bill, and on March 3 (his last full day in office), he forwarded the House version to Texas, offering immediate annexation. When Polk took office at noon the following day, he encouraged Texas to accept Tyler’s offer. Texas ratified the agreement with popular approval from Texians.

  7. Texas two-step bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Texas_two-step_bankruptcy

    Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...

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