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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. [32]
Generally death (or incapacity) of the offeror terminates the offer. This does not apply to option contracts, in which the there's a possibility in which the next of kin or an assigned friend of the offeror can take his or her place after death. The offer cannot be accepted if the offeree knows of the death of the offeror. [47]
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 ...
A post shared on social media purports that NBA star Michael Jordan rejected a $100 million movie offer from Disney due to their political agenda. Verdict: False The claim stems from a satire site.
Cuban is not the only one to pass up on golden opportunities, of course. In 2000, Blockbuster had a chance to buy Netflix for $50 million. Netflix’s market cap today stands at about $180 billion ...
After months of hunting for their dream home, a young couple in New Jersey is frustrated and exhausted. Kelcie Lesko and Tim Khalil said they made 15 offers on homes in Monmouth County – one as ...
Felthouse v Bindley [1862] EWHC CP J35, is the leading English contract law case on the rule that one cannot impose an obligation on another to reject one's offer. This is sometimes misleadingly expressed as a rule that "silence cannot amount to acceptance".
Since 2017, Apple has turned down multiple opportunities to chip away at Google’s search engine dominance, according to newly unsealed court transcripts, including a chance to purchase Microsoft ...