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  2. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    An offer can be terminated on the grounds of rejection by the offeree, that is if the offeree does not accept the terms of the offer or makes a counter-offer as referred to above. Also, upon making an offer, an offeror may include the period in which the offer will be available.

  3. Mirror image rule - Wikipedia

    en.wikipedia.org/wiki/Mirror_image_rule

    The English common law established the concepts of consensus ad idem, offer, acceptance and counter-offer. The leading case on counter-offer is Hyde v Wrench [1840]. [ 3 ] The phrase "Mirror-Image Rule" is rarely (if at all) used by English lawyers; but the concept remains valid, as in Gibson v Manchester City Council [1979], [ 4 ] and Butler ...

  4. Power of acceptance - Wikipedia

    en.wikipedia.org/wiki/Power_of_acceptance

    In contract law, there are established rules and principles for various issues concerning contract formation, such as cross offers, [5] awareness of offer, [6] notification of acceptance, [7] timing of acceptance, [8] and postal rule. [9] Power of acceptance is part of the contract formation analysis, and which concerns the validity of acceptance.

  5. Encountering the Counter-Offer - AOL

    www.aol.com/2010/09/10/counter-offer

    Once in a while, when a job seeker submits their resignation and offers a two-week's notice, they get a surprise in return: a counter-offer. Quite frequently this includes a match on salary with ...

  6. Lefkowitz v. Great Minneapolis Surplus Store, Inc - Wikipedia

    en.wikipedia.org/wiki/Lefkowitz_v._Great...

    Lefkowitz v. Great Minneapolis Surplus Store, Inc 86 NW 2d 689 (Minn, 1957) is an American contract law case. It concerns the distinction between an offer and an invitation to treat. The case held that a clear, definite, explicit and non-negotiable advertisement constitutes an offer, acceptance of which creates a binding contract.

  7. Scots contract law - Wikipedia

    en.wikipedia.org/wiki/Scots_contract_law

    A Contract is formed by the acceptance of an offer; an offer can be constituted by responding to an invitation to treat. Variation of the original offer counts as counter-offer. A leading piece of legislation in Scots contract law is the Contract (Scotland) Act 1997. This act includes damages for breach of contract of sale.

  8. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    The posting rule (or mailbox rule in the United States, also known as the "postal rule" or "deposited acceptance rule") is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated.

  9. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .