Offer - Law Dictionary Search Results
mailbox rule
a basis for assuming receipt ;specif : a rule in contract law: a notice of acceptance of an offer sent to the offeror by reasonable means or as agreed by the parties is effective and is not
offeror
offeror : one that makes an offer to another [acceptance of the offer terminates the power of revocation that
accept
an affirmative or favorable response to ;specif : to indicate by words or action one's assent to (an offer) and willingness to enter into a contract NOTE: A contract is created when the offer is accepted. 3
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arbitration
impartial third party or panel for a decision that may or may not be binding compare mediation final offer arbitration : interest arbitration in which the arbitrator must accept or reject the final offer of any party
contract
embodying such an agreement see also accept, bargain, breach, cause, consent, consideration, duty, meeting of the minds, obligation, offer, performance, promise, rescind, social contract, subcontract Uniform Commercial Code in the Important Laws section NOTE: Contracts must be
deposit (earnest money)
show that they are serious about purchasing the home; it becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if the buyer pulls out of
earnest money (deposit)
show that they are serious about purchasing the home; it becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if the buyer pulls out of
Proposal
That which is proposed or propounded for consideration or acceptance a scheme or design terms or conditions proposed offer as to make proposals for a treaty of peace to offer proposals for erecting a building to make
Acceptance
been defeated or avoided if such acceptance had not been made, Jac. Law Dict. The assenting to an offer: it is by the acceptance, whether express or implied, of an offer that all contracts are made. See
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the view or amenities of a village or historic building. Advertisements for stolen property may amount to an offer to compound a felony, and thus constitute an offence within s. 102 of the (English) Larceny Act, 1861.
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