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A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [ 1 ] [ 2 ] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction .
Retailers contract with their suppliers to supply a quantity of product in a specified time period to a specific location at an agreed price. The retailer "calls off" the production of the product to match the expected or actual sales curves, depending on the stage in the life-cycle of the product.
Walker, 66 Mich. 568, 33 N.W. 919 (Mich. 1887), [1] was a case that has played an important role in the evolution of American contract law involving the doctrine of mutual mistake. One of the main issues in the case was whether the remedy of rescission is available if both parties to a contract share a misunderstanding about an essential fact. [2]
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[1] [2] Scharbauer served as the chairman of the First National Bank of Midland, but the bank failed. [4] Scharbauer was a horse breeder. He was the owner of the Kentucky Derby winner Alysheba. [5] Another horse he owned, Fiftyshadesofgold, won the Texas Stallion Stakes at the Sam Houston Race Park on February 15, 2014. [2]
The Texas Rangers and free agent designated hitter Joc Pederson have agreed on a contract, a person with knowledge of the deal said Monday. The Rangers will be the third team in three years for ...
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