The offeror, as the master of the offer, has the power to specify the precise time, place, and manner in which acceptance must be communicated. This is called stipulation. If the offeror stipulates a particular manner of acceptance, the offeree must respond in this way to form a valid acceptance.
Secondly, What is a stipulation that must be satisfied before the contract can be performed? To stipulate is to demand that an item should be added to a contract. You can stipulate that specific conditions should be part of a deal or agreement. Whenever you draft a legal contract, you can stipulate a condition that the other party must satisfy to complete the agreement.
What does it mean stipulated?
stipulate STIP-yuh-layt verb. 1 : to make an agreement or covenant to do or forbear something : contract. 2 : to demand an express term in an agreement. 3 : to specify as a condition or requirement (as of an agreement or offer)
Similarly, What does stipulation mean in divorce? āStipulatedā means that the spouses agree to the terms of their divorce. If you and your spouse have reached agreement on the details of your divorce, one of your attorneys will prepare the Stipulated Judgment and Decree.
How can an offer be acceptable?
Accepting an Offer to Form a Valid Contract
- The acceptance must be communicated. …
- The offer must be accepted without modifications, otherwise it is a counter-offer.
- Until an offer is accepted it may be revoked. …
- Only the person to whom the offer is made can accept.
- Acceptance will be judged by an objective standard.
Is what a person receives in return for performing a contract obligation? is required in every contract. It is what a person will receive in return for performing a contract obligation. Consideration can be anything, as long as it is the product of a bargained-for exchange.
Which of the following is enforceable without an exchange of consideration? There are certain transactions that are enforceable without consideration. These include: – promises to pay a debt barred by the statute of limitations. – a promise to pay a debt that has been discharged in bankruptcy if certain requirements are met.
What are the three types of conditions allowed in a contract? The types of conditions in a contract can vary, but common ones include:
- Conditions precedent.
- Conditions concurrent.
- Conditions subsequent.
What is the word class of stipulation?
noun. a condition, demand, or promise in an agreement or contract. the act of stipulating.
What is stipulation in economics? to make an express demand or arrangement as a condition of agreement (often followed by for). verb (used with object), stipĀ·uĀ·latĀ·ed, stipĀ·uĀ·latĀ·ing. to arrange expressly or specify in terms of agreement: to stipulate a price.
What is an example of lexical definition?
Lexical meaning is defined as the meaning of a base or root word without considering any prefix or suffix which may be attached. An example of lexical meaning is the meaning of the word “port” in the words import or portable.
What is the difference between a stipulation and an order? Unlike an order, a stipulation is slightly more complicated It’s terms may be enforced through the filing of a plenary action. In order for a stipulation to be enforceable in a Supreme Court divorce matter, it must be incorporated into a Judgment of Divorce or so-ordered by the Judge (or jurist).
What is a stipulated judgment?
A stipulated judgment is a court order issued to settle a debt, which requires that a debtor pay their creditor a specified amount according to an agreed schedule.
What is the difference between a judgment and a stipulated judgment?
A judgment means that it is enforceable against the parties, and a stipulated judgment will carry the same weight as a regular judgment. There are some benefits to a stipulated judgment, such as enforcement and self-determination.
Can an offer be revoked after acceptance? Generally, this means that when an employer makes an offer of at-will employment, the employer is free to rescind that job offer, for any reason or no reason at all, at any time, including the period after the potential employee has accepted the offer but before he or she begins work, without legal consequence.
Can an offer be withdrawn after acceptance? The reason why an offer cannot be withdrawn after it has been accepted is that it is the action of acceptance which gives rise to a binding contractual agreement. Once a contract exists, one party cannot simply withdraw from it on a whim, unless the terms of the contract allow them to.
What are the 3 requirements of an offer?
Offers at common law required three elements: communication, commitment and definite terms.
- Communicated. The person making the offer (the offeror) must communicate his offer to a person who may then choose to accept or reject the offer (the offeree). …
- Committed. …
- Definite Terms. …
- Other Issues.
Who are prohibited from entering into a contract? Minors (those under the age of 18, in most states) lack the capacity to make a contract. So a minor who signs a contract can either honor the deal or void the contract. There are a few exceptions, however. For example, in most states, a minor cannot void a contract for necessities like food, clothing, and lodging.
What are the 4 requirements for a valid contract?
The complaining party must prove four elements to show that a contract existed. These elements are offer, consideration, acceptance, and mutuality.
What is it called when a person’s right to be left alone is intentionally interfered with? What is it called when a person’s right to be left alone is intentionally interfered with? Invasion of privacy.
Don’t forget to share this post !