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Simple English definitions for legal terms

merchant's firm offer

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A quick definition of merchant's firm offer:

A merchant's firm offer is a promise made by a seller to keep an offer open for a certain period of time. During this time, the seller cannot withdraw the offer without facing legal consequences. This type of offer is often used in business transactions and can be enforced even without consideration. It is important to note that an offer is a promise to do or refrain from doing something, and once accepted, it creates a binding contract between the parties involved.

A more thorough explanation:

A merchant's firm offer is an offer made by a merchant that cannot be withdrawn for a specified period. This type of offer is also known as an irrevocable offer. It is a promise to keep the offer open for a certain amount of time, during which the offer cannot be withdrawn without the offeror becoming liable for breach of contract.

For example, if a merchant offers to sell a product to a customer and promises to keep the offer open for a week, the offer cannot be withdrawn during that week. If the merchant does withdraw the offer, they could be sued for breach of contract.

Under the Uniform Commercial Code (UCC), a merchant's signed, written offer giving assurances that it will be held open is irrevocable for the stated period, even if there is no consideration. This means that the offeror cannot withdraw the offer during the specified time period, even if they do not receive anything in return.

Overall, a merchant's firm offer is a binding promise that cannot be withdrawn for a specified period, and it is commonly used in commercial transactions.

merchant seaman | Merchant Shipping Acts

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snow
10:04
@babycat: i was living the bob dylan life man. smoking cigs with a nose piercing while drinkin coffee. have been chasing that high since
BulbasaurNoLikeCardio
10:04
I have been wanting a piercing just to feel what it is like
snow
10:05
@BulbasaurNoLikeCardio: that makes sense. idk im just nervous of infections
snow
10:05
i have my ears pierced but thats it
babycat
10:05
I have a couple types of ear piercings and navel
BulbasaurNoLikeCardio
10:05
Only dirty people get infections from tattoos, higher chance of an allergy to the ink. Just go to a legit shop
Dkk
10:06
I just don't like the idea of the ink in my lymphnodes. That scares me.
good morning everyone
BulbasaurNoLikeCardio
10:06
I wanna try a nose peircing to see how it feels. Need a piercer friend who wants to practice on me cause I want to experience it but not keep it
babycat
10:06
You just want to know how it feels to be pierced?
snow
10:07
nose hurt like a bitch, but my tolerance is low
BulbasaurNoLikeCardio
10:07
Yes, I don't think having metal on my face or nips would be fun long term
Dkk
10:07
@BulbasaurNoLikeCardio: I would like that too. I would like to feel that.
honestly any face piercing hurts a lot less than any ear one for me
Dkk
10:07
Man, maybe I will eat another ghost pepper today.
BulbasaurNoLikeCardio
10:07
Like I have my whole body tattooed and dry lined litterally everywhere on my body to just see how it feels
i was so terrified to get my lip done and it was completely fine lmao
but i my industrial was not fun lol
Dkk
10:07
@jackfrost11770: yo you excited for arcane tonight! I haven't slept more than 4 hours in like 3 days.
triplethread
10:08
im back guys my break lasted 24 hours
Dkk
10:08
I feel my strength returning after being sick.
i'm gonna watch it tmrw!! and yes not ready lol omg i can't imagine it'll be a happy ending
triplethread
10:08
my nips are pierced
snow
10:08
thread we hoping kent today lmaooo
triplethread
10:08
YESSS
babycat
10:08
I have a conch that took forever to heal until i switched it to a hoop
snow
10:08
like a sea shell?
triplethread
10:08
Lips scare me more than nips
babycat
10:08
There’s a part of your ear called the conch, bc it’s shaped like that
triple yeah same but it fr didn't hurt at at all it was kinda underwhelming lol
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