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that will remain open for a certain period or until a certain time or occurrence of a certain event, during which it is incapable of being revoked. 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.
991:. If no time is stated, it is irrevocable for a reasonable time, but in no event may a 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.
987:- § 2-205, which states that an offer is firm and irrevocable if it is an offer to buy or sell goods made by a merchant and it is in writing and signed by the offeror. Such an offer is irrevocable even in the absence of
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However, even 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.
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3 Historically restricted in common law jurisdictions but generally accepted elsewhere; availability varies between contemporary common law jurisdictions
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If the offeree rejects, fails to accept the terms of the offer, fixed or otherwise, or makes a counter-offer, then the original offer is terminated.
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732:(also implied covenant of good faith and fair dealing or duty to negotiate in good faith)
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deal primarily with the United States and do not represent a
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Cornell
University Law School, Legal Information Institute
983:, an exception is the merchant firm offer rule set out in
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both in Québec and in the country's common law provinces
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7 Specific to civil law jurisdictions, the
American
153:. Unsourced material may be challenged and removed.
736:Contract A and Contract B in Canadian contract law
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1061:"Uniform Commercial Code - § 2-205. Firm Offers"
891:2 Specific to civil and mixed law jurisdictions
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73:The examples and perspective in this article
928:contractual and pre-contractual negotiation
53:Learn how and when to remove these messages
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231:Learn how and when to remove this message
213:Learn how and when to remove this message
111:Learn how and when to remove this message
1077:
724:Duty of honest contractual performance
912:of International Commercial Contracts
151:adding citations to reliable sources
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1037:"UCC Corner: What is a Firm Offer?"
901:and other civil codes based on the
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34:This article has multiple issues.
726:(or doctrine of abuse of rights)
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505:Hague Choice of Court Convention
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42:or discuss these issues on the
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16:Offer open for a defined time
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87:, discuss the issue on the
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546:Hague Judgments Convention
897:4 Specific to the German
602:Anticipatory repudiation
352:unequal bargaining power
1095:Uniform Commercial Code
1007:Uniform Commercial Code
985:Uniform Commercial Code
924:Uniform Commercial Code
899:BĂĽrgerliches Gesetzbuch
584:Third-party beneficiary
556:Rights of third parties
434:Accord and satisfaction
655:Liquidated, stipulated
500:Forum selection clause
385:Frustration of purpose
917:Canadian contract law
285:Abstraction principle
746:Related areas of law
645:Specific performance
495:Choice of law clause
460:Contract of adhesion
374:Culpa in contrahendo
280:Meeting of the minds
275:Offer and acceptance
147:improve this article
93:create a new article
85:improve this article
1041:www.fosterswift.com
910:UNIDROIT Principles
684:Promissory estoppel
564:Privity of contract
517:New York Convention
477:UNIDROIT Principles
320:Collateral contract
315:Implication-in-fact
300:Invitation to treat
730:Duty of good faith
627:Fundamental breach
593:Breach of contract
522:UNCITRAL Model Law
486:Dispute resolution
471:Contra proferentem
465:Integration clause
439:Exculpatory clause
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716:Duties of parties
707:Negotiorum gestio
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1044:. Retrieved
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863:Criminal law
845:Property law
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290:Posting rule
247:Contract law
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203:January 2022
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162:"Firm offer"
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145:Please help
140:verification
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36:Please help
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701:Restitution
512:Arbitration
1079:Categories
1046:2023-07-27
1023:References
969:firm offer
903:pandectist
886:common law
666:Rescission
574:Delegation
569:Assignment
357:Illegality
305:Firm offer
173:newspapers
39:improve it
905:tradition
775:Australia
622:Deviation
529:Mediation
262:Formation
89:talk page
45:talk page
1001:See also
868:Evidence
840:Tort law
813:Scotland
636:Remedies
579:Novation
402:Hardship
329:Defences
270:Capacity
101:May 2014
83:You may
979:In the
858:estates
790:Ireland
407:Set-off
348:Threats
343:Mistake
187:scholar
971:is an
856:, and
854:trusts
828:Other
780:Canada
189:
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973:offer
876:Notes
850:Wills
832:areas
795:India
657:, or
607:Cover
194:JSTOR
180:books
91:, or
359:and
350:and
166:news
830:law
149:by
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967:A
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