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There's offers and then there's binding offers - I assume it must be made very clear if an offer is binding before it is legally treated as such.
by car_analogy 4y ago
There's offers and then there's binding offers - I assume it must be made very clear if an offer is binding before it is legally treated as such.
- tempnow987 4y agoThis is entirely false. There's been plenty of litigation in this area. If you offer $230K, the other party accepts, then you are done. You can sometimes rescind before acceptance. Email Contract Safety Tips Since the validity of email contracts is generally accepted under the law, it is important to exercise caution when doing business through email. To that end, the following tips may be helpful: A contract need not be physically signed to be agreed to. A contract may be created over a series of emails, not just one. In some instances, a preliminary email may constitute a binding contract regardless of it referencing a future formal agreement that has yet to be agreed to. Beware of creating an “implied-in-fact” contract, which may occur through industry custom and your conduct. Beware of using certain terms unless you intend their meaning. If certain conditions are desired before entering into a contract, state them clearly. Do not create the impression of a meeting of the minds if that is not the intent.
- mr_toad 4y agoIt’s not wise to make assumptions about how the law works when there’s money on the table.