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LSDefine

Simple English definitions for legal terms

standing offer

Read a random definition: Customs Cooperation Council

A quick definition of standing offer:

A standing offer is like a promise to do something or sell something at a certain price. It's like having a bunch of offers ready to go, and when someone accepts one, it becomes a contract. For example, a store might have a standing offer to sell a certain product for a certain price, and anyone who wants to buy it can accept the offer and buy the product.

A more thorough explanation:

A standing offer is a type of offer that is capable of being converted into a contract by a distinct acceptance. It is a promise to do or refrain from doing something in the future, conditioned on an act, forbearance, or return promise being given in exchange for the promise or its performance.

For example, a company may make a standing offer to provide a certain service to a client at a fixed price for a specified period. The client can accept the offer at any time during the specified period, and a contract will be formed.

Another example of a standing offer is a government contract that is open for a certain period, during which suppliers can submit bids. The government will then select the best bid and enter into a contract with the supplier.

Overall, a standing offer is a useful tool for businesses and governments to streamline their procurement processes and ensure that contracts are formed efficiently.

standing mute | standing order

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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