BMGT 380 Lecture 10: Acceptance

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 380
• Professor: Jennifer Gershberg

Document Summary

If (cid:455)ou"re gi(cid:448)e(cid:374) a(cid:374) offer, (cid:455)ou ha(cid:448)e to a(cid:272)(cid:272)ept the exact terms of offer; otherwise, it becomes a counteroffer. When a counteroffer is made, the og offeree becomes the new offeror (cid:862)oka(cid:455),(cid:863) a(cid:374)d (cid:374)othi(cid:374)g else. Pride v. lewis: seller included additional term (changing terms of offer) instead of accepting the offer, they produced a counteroffer bc they included an additional term . Lewis became the offeree, ignoring the counteroffer no contract. Silence is not acceptance; ter(cid:373)s (cid:449)ere(cid:374)"t agreed upo(cid:374) e(cid:454)a(cid:272)tl(cid:455) One merchant: if only 1 of the parties is a merchant, if the acceptance contains additional terms, those terms are seen as mere proposals, and are not automatically incorporated into the contract. Both merchants: if both parties are merchants, the additional parts become a part of the contract, unless: offer explicitly says no additional terms, ne(cid:449) ter(cid:373)s (cid:449)ould (cid:862)(cid:373)ateriall(cid:455)(cid:863) (cid:272)ha(cid:374)ge the offer (pri(cid:272)e, ti(cid:373)e for deli(cid:448)er(cid:455), quality/quantity, etc. )