Contract Law: Counteroffers, Irrevocable Offers, and Indefinite Terms

What happens when an offeree attempts to accept an offer while modifying the terms? In the case Minneapolis & St. Louis Railway v. Columbus Rolling-Mill, the court held that, “A proposal to accept, or an acceptance, upon terms varying from those offered, is a rejection of the offer, and puts an end to the negotiation, … Continue reading Contract Law: Counteroffers, Irrevocable Offers, and Indefinite Terms