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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.
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 ...
[14] Consequently, the owner does not have an exact final price until the project is finished. [20] This type of contract is normally utilized where the quantity of work cannot be established, such as in civil engineering construction projects where excavation of soil and rock is involved. The contractor is paid based on the units that have ...
It is a general principle of contract law that an offer cannot be assigned by the recipient of the offer to another party. However, an option contract can be sold (unless it provides otherwise), allowing the buyer of the option to step into the shoes of the original offeree and accept the offer to which the option pertains. [8]
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 ...
CFR — Call for Response (At the US Supreme Court, if the other side has stated it will not respond to a petition for cert., any Justice may direct the Clerk to call for a response.) CJ – Postnominals of the Lord Chief Justice of England and Wales and, formerly, of the Chief Justice of the Common Pleas
Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs .