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If the offer was made to the entire world, such as in Carlill's case, [11] the revocation must take a form that is similar to the offer. However, an offer may not be revoked if it has been encapsulated in an option (see also option contract ), or if it is a " firm offer " in which case it is irrevocable for the period specified by the offeror.
This is a list of abbreviations used in law and legal documents. It is common practice in legal documents to cite other publications by using standard abbreviations for the title of each source. Abbreviations may also be found for common words or legal phrases.
A counter offer is an offer which concerns the same subject matter but with different terms than the original offer. If a counter-offer is made by the offeree to the offeror, then the original offer is deemed rejected, and the power of acceptance included in the original offer is terminated.
A law degree is an academic degree conferred for studies in law. Some law degrees are professional degrees that are prerequisites or serve as preparation for legal careers. These generally include the Bachelor of Civil Law, Bachelor of Laws, and Juris Doctor. Law degrees that are not part of a professional pathway to legal practice include the ...
The Carbolic Smoke Ball offer. In English contract law, an agreement establishes the first stage in the existence of a contract. The three main elements of contractual formation are whether there is (1) offer and acceptance (agreement) (2) consideration (3) an intention to be legally bound.
The first undergraduate foundational and generic degree, (usually B.A.Law but in some cases Bachelor of General Laws/Bachelor of Socio-Legal Studies etc.) is awarded after three years of study, and the professional law degree called the LL.B. (honours) degree, which has a substantial component of practical training, is earned after two years of ...
Obtaining construction loans are easier with this type of contract. [9] [8] The profit margins and percentages are greater for engineers and contractors. [8] [9] Payments and instalments are made on regular basis which provides the contractor with a reliable cash flow. [8] [9] Management of the contract is a lot easier for the owner. [8] [9]
Under the Civil Code of the People's Republic of China, "the parties may conclude a contract by making an offer and acceptance or through other means". [205] An offer is defined as "an expression of intent to conclude a contract with another person" and is required to "be specific and definite" and to expressly indicate that "the offeror is to ...
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