Unless it is expressly specified that an offer to buy or sell goods must be accepted just as made, the offeree may accept an offer and at the same time propose an additional term. This is contrary to general contract law. Under general contract law, the proposed additional term would be considered a counteroffer and the original offered would be rejected. Under Article 2 of the Uniform Commercial Code, the new term does not reject the original offer. A contract arises on the terms of the original offer, and the new term is a counteroffer. The new term does not become binding until accepted by the original offeror. If, however, the offer states that it must be accepted exactly as made, the ordinary contract law rules apply.
In a transaction between merchants, the additional term becomes part of the contract if that term does not materially alter the offer and no objection is made to it. However, if such an additional term from the seller operates solely to the sellers advantage, it is a material term and must be accepted by the buyer to be effective.
Los Angeles California, commonly known as Los Angeles or LA, is a vibrant city located in Southern California. It is the largest city in the state and the second-largest city in the United States. Renowned for its cultural diversity, iconic landmarks, and thriving entertainment industry, Los Angeles offers a unique blend of opportunities and experiences. A "Notice to Seller of Acceptance of Offer by Proposing Additional Terms" is a legal document used in real estate transactions to inform the seller of the buyer's acceptance of their offer, along with proposing additional terms or conditions. This notice is crucial in establishing clear communication between the parties involved and ensuring that all parties are aware of the suggested changes to the initial offer. Different types of "Notice to Seller of Acceptance of Offer by Proposing Additional Terms" in Los Angeles California may vary based on the specific conditions outlined within the document. Some common variations could include: 1. Notice to Seller with Proposed Price Modification: This type of notice would involve the buyer's intention to accept the seller's offer but suggesting a modification in the purchase price. 2. Notice to Seller with Proposed Settlement Date Change: If the buyer seeks a modification in the agreed-upon settlement or closing date, this type of notice would inform the seller about the proposed change. 3. Notice to Seller with Proposed Inspection Period Extension: In some cases, the buyer might request an extended inspection period to thoroughly assess the property's condition. This notice would communicate the buyer's acceptance of the offer while proposing an extension to the inspection period. 4. Notice to Seller with Proposed Financing Amendment: If the buyer intends to modify the financing terms, such as seeking a different mortgage rate or loan type, this notice would outline the acceptance of the offer and propose the requested changes. These are just a few examples of the different types of "Notice to Seller of Acceptance of Offer by Proposing Additional Terms" that may exist in Los Angeles. It is important to consult with a professional or legal advisor regarding the specific terms and conditions that should be included in such a notice to ensure compliance with relevant laws and regulations.Los Angeles California, commonly known as Los Angeles or LA, is a vibrant city located in Southern California. It is the largest city in the state and the second-largest city in the United States. Renowned for its cultural diversity, iconic landmarks, and thriving entertainment industry, Los Angeles offers a unique blend of opportunities and experiences. A "Notice to Seller of Acceptance of Offer by Proposing Additional Terms" is a legal document used in real estate transactions to inform the seller of the buyer's acceptance of their offer, along with proposing additional terms or conditions. This notice is crucial in establishing clear communication between the parties involved and ensuring that all parties are aware of the suggested changes to the initial offer. Different types of "Notice to Seller of Acceptance of Offer by Proposing Additional Terms" in Los Angeles California may vary based on the specific conditions outlined within the document. Some common variations could include: 1. Notice to Seller with Proposed Price Modification: This type of notice would involve the buyer's intention to accept the seller's offer but suggesting a modification in the purchase price. 2. Notice to Seller with Proposed Settlement Date Change: If the buyer seeks a modification in the agreed-upon settlement or closing date, this type of notice would inform the seller about the proposed change. 3. Notice to Seller with Proposed Inspection Period Extension: In some cases, the buyer might request an extended inspection period to thoroughly assess the property's condition. This notice would communicate the buyer's acceptance of the offer while proposing an extension to the inspection period. 4. Notice to Seller with Proposed Financing Amendment: If the buyer intends to modify the financing terms, such as seeking a different mortgage rate or loan type, this notice would outline the acceptance of the offer and propose the requested changes. These are just a few examples of the different types of "Notice to Seller of Acceptance of Offer by Proposing Additional Terms" that may exist in Los Angeles. It is important to consult with a professional or legal advisor regarding the specific terms and conditions that should be included in such a notice to ensure compliance with relevant laws and regulations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
