Option Contracts, Firm Offers, and Irrevocable Offers
Know when an offeror loses the ordinary power to revoke - and when acceptance must be received rather than merely dispatched.
Practical systems for studying, writing, careers, and law-school life.
Know when an offeror loses the ordinary power to revoke - and when acceptance must be received rather than merely dispatched.
Enforce a serious promise without ordinary consideration when foreseeable, reasonable reliance makes nonenforcement unjust.
Identify agreements that require a signed record, test the writing, and apply the major common-law and UCC exceptions.
Separate integration from interpretation and decide when prior negotiations, side agreements, and commercial context may enter the case.
Resolve ambiguous language using shared meaning, contextual hierarchy, commercial practice, and disciplined interpretive canons.