|
4.1-11 Duration of Offer
Revised to January 1, 2008
The (offeror: defendant /
plaintiff)
claims that (his/her/its) offer required that the (offeree:
defendant / plaintiff) accept it on or before <date>. The (offeree:
defendant / plaintiff) claims that the (offeror: defendant /
plaintiff) did not specify any time for acceptance in the offer.
If you find that the (offeror:
defendant / plaintiff) did specify in the offer that acceptance must
occur on or before <date>, then in order to form a valid
contract, the (offeree: defendant / plaintiff) must have accepted
the offer on or before <date>. If you find that the (offeror:
defendant / plaintiff) did not specify a time limit for acceptance
of the offer, then the (offeree: defendant / plaintiff) had a
reasonable time in which to accept the offer and if (he/she/it)
accepted the offer within a reasonable time, then a valid contract
existed between the parties. [What is a reasonable time depends on
the surrounding circumstances and the purpose of the contract.]
_______________________________________________________
Authority
|