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I'm not a lawyer, but here is the crux of the argument: > And while Merryman's view isn't reflected in the court filings, Goldstein said his "statement that th
by binkHN 4y ago
I'm not a lawyer, but here is the crux of the argument:
> And while Merryman's view isn't reflected in the court filings, Goldstein said his "statement that the price is a firm $50,000 could reasonably be understood as a counteroffer, which Jump had the power to accept, thereby forming a contract."
- mslate 4y agoThis is such a Wall Street trader perception of contracts. Jump imagines the seller cares about their long-term reputation for honoring their offer as a market-maker. He could not give a hoot. A verbal or written counteroffer is not a contract. How long does Jump imagine they have to accept counteroffer? Eternity? Silliness & slimy legal jiu jitsu.
- rosndo 4y ago> How long does Jump imagine they have to accept counteroffer? Generally in situations like this, unless otherwise specified, courts would fall back to a “reasonable” period of time or until Jump is notified that the offer is no longer valid.