The postal rule is an exception to the general rule that contract acceptance must be communicated directly to the offeror and acceptance is only effective when the offeror receives that acceptance. The acceptance is actually effective as soon as the offeree mails the acceptance, according to Cornell University Law School.
The acceptance must be mailed in a timely manner or according to the terms of the offer. The parties to the contract can alter the terms of the offer so the postal rule, or mailbox rule, is ineffective. It does not matter when the offeror actually receives the acceptance for it to be effective, according to National Paralegal College.Learn More
According to Law.com, the party who proposes a counteroffer seeks to revise the terms of a proposed contract without halting negotiations. Legally, a counteroffer is a rejection of the contract. When a counteroffer is given, several outcomes are possible. The options are for all parties to agree to the revised terms, for one side to submit another counteroffer, or for one side to reject the offer completely.Full Answer >
There is a time limit to pressing charges for most crimes in the United States, with the exception of murder. However, serious crimes involving violence, arson, kidnapping or forgery have no time limit for pressing charges in many states, reports FindLaw.Full Answer >
A "stand your ground" law gives citizens the right to defend themselves in certain circumstances without the duty to first retreat. Under this law, citizens have the right to use force to defend themselves in instances of imminent danger without first attempting to flee, according to Find Law.Full Answer >
The "Iron Law of Responsibility" refers to the general rule that corporate power must always be checked by social responsibility in order for it to be maintained. Introduced by the theorist Keith Davis during the 1960s, the rule is sometimes also referred to as "The Law of Long-Run Self-Interest."Full Answer >