An offer is a written or verbal promise to undertake some obligation if the offer is accepted.
There are a number of factors that go into an offer in a NJ contract.
Is the person making the offer serious? A person who jokingly states that he will sell his or her new house for $100 is not making an offer.
Does the person show a willingness to be held to his/her offer? A person requesting a price quote or who is in negotiations with you is not making an offer. Advertisements usually are seen as invitations to offers.
Does the offer contain definite terms? Is the subject of the offer and the parties identified, is the price listed, are quantities determined, and is time for performance stated? There should be enough precise information contained in the offer that, if needed, a court would be able to enforce it, if accepted.
When making an offer, certain protective provisions should be included. This cannot be more emphasized.
Experienced NJ contract law counsel can be a big help to protect you during this critical phase. Please contact New Jersey contract attorney, Fredrick P. Niemann, Esq. to assist you. He can be reached by calling toll-free (855) 376-5291 or by email at fniemann@hnlawfirm.com.
The Acceptance of the Offer; How a New Jersey
Contract is Established
An acceptance to an offer must be made while the offer is still open. An offer ends when its time has elapsed: For example, "I will sell you my computer for $200 but you must decide whether to buy it within 48 hours. If you do not accept the offer within 48 hours, there is no contract."
If a person changes the terms of the offer in his/her acceptance, the offer is deemed legally rejected and a counteroffer has been made. In our prior example of selling a computer for $200.00, if the response is "I will buy your computer, but I will pay only $150 for it." ($50.00 less than the price of $200.00 in the preceding paragraph), there is no acceptance but a counteroffer has been made. The person who made the original offer must respond to the new offer by accepting it, rejecting it, or proposing yet another offer.
If you have any questions about the acceptance of an offer under NJ contract law, then please contact Fredrick P. Niemann, Esq. at fniemann@hnlawfirm.com or call him toll-free at (855) 376-5291.
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Fredrick P. Niemann, Esq.,
a NJ Contract Attorney
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New Jersey Contract Law Attorney serving these New Jersey Counties:
Monmouth County, Ocean County, Essex County, Cape May County,
Camden County, Mercer County, Middlesex County, Bergen County, Morris
County, Burlington County, Union County, Somerset County, Hudson County,
Passaic County
NJ Contract Offer and Acceptance | Contracts in NJ | NJ Contract
Attorney | Offer | Acceptance | Contract | New Jersey | NJ |
Counter Offer
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