Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Firm_offer> ?p ?o. }
Showing items 1 to 23 of
23
with 100 items per page.
- Firm_offer abstract "A firm offer means an irrevocable offer made by a merchant. As a general rule, all offers are revocable at any time prior to acceptance, even those offers that purport to be irrevocable on their face. An exception to this general rule exists under the Merchants Firm Offer Rule:A firm offer in effect creates an option contract without requiring any consideration from the prospective buyer. Because the firm offer holds the seller to a higher standard than the potential buyer, it reflects a change from traditional common law, which treated all parties to a contract the same way, to a more modern view that holds certain parties to a higher standard of behavior.UCC 2-205 Firm OffersAn offer (A) by a merchant to buy or sell goods (B) in a signed record that by its terms gives assurance that it will be held open is not revocable for lack of consideration, during the time stated or if no time is stated for a reasonable time, but in no event may such period of irrevocability exceed three months; Any such term of assurance in a form supplied by the offeree must be separately signed by the offeror.Note: That when the period of irrevocability expires, the offer may still remain open until revoked or rejected according to the general rules regarding termination of an offer.UCC § 2-205 states that an offer is firm and irrevocable if: it is an offer to buy or sell goods it is made by a merchant it is a signed writing↑".
- Firm_offer wikiPageID "5162684".
- Firm_offer wikiPageRevisionID "561238459".
- Firm_offer hasPhotoCollection Firm_offer.
- Firm_offer subject Category:Business_law.
- Firm_offer subject Category:Contract_law.
- Firm_offer subject Category:Legal_doctrines_and_principles.
- Firm_offer subject Category:Uniform_Commercial_Code.
- Firm_offer type Abstraction100002137.
- Firm_offer type Belief105941423.
- Firm_offer type Cognition100023271.
- Firm_offer type Content105809192.
- Firm_offer type Doctrine105943300.
- Firm_offer type LegalDoctrinesAndPrinciples.
- Firm_offer type PsychologicalFeature100023100.
- Firm_offer comment "A firm offer means an irrevocable offer made by a merchant. As a general rule, all offers are revocable at any time prior to acceptance, even those offers that purport to be irrevocable on their face. An exception to this general rule exists under the Merchants Firm Offer Rule:A firm offer in effect creates an option contract without requiring any consideration from the prospective buyer.".
- Firm_offer label "Firm offer".
- Firm_offer sameAs m.0d5q7v.
- Firm_offer sameAs Q5452109.
- Firm_offer sameAs Q5452109.
- Firm_offer sameAs Firm_offer.
- Firm_offer wasDerivedFrom Firm_offer?oldid=561238459.
- Firm_offer isPrimaryTopicOf Firm_offer.