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LSDefine

Simple English definitions for legal terms

standing offer

Read a random definition: unfair persuasion

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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