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  2. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    Day 3: Before A receives B's acceptance, B telephones A and states she wishes to reject the offer. Day 4: B's original letter of acceptance arrives, A then records the contract as a sale. B's acceptance of the offer means there is a binding contract – she is obliged to pay for the land or be liable for damages. B is just rejecting the offer ...

  3. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity). Analysis of their operation is a traditional approach in contract law .

  4. Understand Your Offer Letter (Before You Sign) - AOL

    www.aol.com/news/understand-offer-letter-sign...

    An offer letter is typically a good faith effort by an employer to provide clarity regarding the position for which you just spent months interviewing. "Congrats, you're hired!" When you hear ...

  5. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    An offer is a display of willingness by a promissor to be legally bound by terms they specify, made in a way that would lead a reasonable person in the promisee's position to understand that an acceptance is being sought and, if made, results in an enforceable contract.

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  7. Firm offer - Wikipedia

    en.wikipedia.org/wiki/Firm_offer

    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 made by a merchant and it is in writing and signed by the offeror. [2] Such an offer is irrevocable even in the absence of consideration. If ...

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