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Unformatted text preview: reasonable necessary for the offeree to complete performance. Another approach to the unilateral contract dilemma is to hold that a bilateral contract is created once the offeree begins performance. c. Firm offer.-Factual example: A company makes an offer to B company that to sell a certain amount of items to B company, and the offer will be kept open for 2 year. But A company have the right to revoke it after three months if B company hasn’t accept it yet. But if B company accept it then it’s a regular contracted offer already. d. Promissory estoppel.-Factual example: UCLA promised to accept me as a professor and willing to hold the offer for 20 days. After I have finished all my existing work and left my current job on day 10 UCLA called and say the revoked the offer. It’s not going to work that way....
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This note was uploaded on 11/21/2008 for the course BUS BUS 5 taught by Professor Sindell during the Fall '08 term at Santa Monica.
- Fall '08
- Business Law