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Not quite. Counteroffers expire or may be rescinded. In the absence of written terms it is obvious that a counteroffer expires whenever the seller feels like it
by erosenbe0 4y ago
Not quite. Counteroffers expire or may be rescinded. In the absence of written terms it is obvious that a counteroffer expires whenever the seller feels like it.
So all that remains here is whether Dick had a duty to notify the expiration prior to Jump's acceptance.
Edit: if the negotiating process did have written or implied terms that would be different
- NovemberWhiskey 4y ago>In the absence of written terms it is obvious that a counteroffer expires whenever the seller feels like it. Uh no, offers do not expire whenever the offeror feels like it - where do you get that idea? An offer remains valid for a reasonable period of time, or until revocation of that offer is communicated to the offeree.
- erosenbe0 4y agoRight. That's open to some context and interpretation across a continuum: informal, unstructured dealing at a garage sale on one end and billion dollar real-estate on the other.