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.
The Michigan Notice to Seller of Acceptance of Offer by Proposing Additional Terms is a crucial legal document used in real estate transactions to communicate the acceptance of an offer to the seller while proposing additional terms or conditions. This notice serves as a formal acknowledgment and declaration of acceptance by the seller while also presenting new terms or modifications to the original offer. In Michigan, there are various types of Notice to Seller of Acceptance of Offer by Proposing Additional Terms, each serving a specific purpose. Some of these types include: 1. Residential Real Estate Notice to Seller: This type of notice is utilized when a potential buyer intends to purchase a residential property and proposes additional terms to the seller upon accepting their offer. It outlines the buyer's specific conditions, such as inspection contingencies, financing arrangements, or repairs required. 2. Commercial Real Estate Notice to Seller: For commercial property transactions, this form of notice is used to notify the seller of the buyer's acceptance of their offer while simultaneously introducing additional terms. These terms may include lease agreements, zoning restrictions, or environmental contingencies depending on the nature of the commercial property. 3. Land Purchase Notice to Seller: In cases where buyers are interested in purchasing vacant land, this notice is employed to inform the seller of the acceptance of the offer and present additional terms such as land usage restrictions or easements. Regardless of the specific type used, the Michigan Notice to Seller of Acceptance of Offer by Proposing Additional Terms should include essential information such as the buyer's name, the seller's name, property address, original offer details, accepted terms, proposed additional terms, and any requested changes to the initial agreement. It is crucial to ensure that all relevant parties sign the notice to establish legal consent and agreement to the proposed modifications. Disclaimer: Please note that this response is for informational purposes only and does not constitute legal advice. It is highly recommended consulting with a qualified attorney for assistance with drafting or understanding legal documents in Michigan.The Michigan Notice to Seller of Acceptance of Offer by Proposing Additional Terms is a crucial legal document used in real estate transactions to communicate the acceptance of an offer to the seller while proposing additional terms or conditions. This notice serves as a formal acknowledgment and declaration of acceptance by the seller while also presenting new terms or modifications to the original offer. In Michigan, there are various types of Notice to Seller of Acceptance of Offer by Proposing Additional Terms, each serving a specific purpose. Some of these types include: 1. Residential Real Estate Notice to Seller: This type of notice is utilized when a potential buyer intends to purchase a residential property and proposes additional terms to the seller upon accepting their offer. It outlines the buyer's specific conditions, such as inspection contingencies, financing arrangements, or repairs required. 2. Commercial Real Estate Notice to Seller: For commercial property transactions, this form of notice is used to notify the seller of the buyer's acceptance of their offer while simultaneously introducing additional terms. These terms may include lease agreements, zoning restrictions, or environmental contingencies depending on the nature of the commercial property. 3. Land Purchase Notice to Seller: In cases where buyers are interested in purchasing vacant land, this notice is employed to inform the seller of the acceptance of the offer and present additional terms such as land usage restrictions or easements. Regardless of the specific type used, the Michigan Notice to Seller of Acceptance of Offer by Proposing Additional Terms should include essential information such as the buyer's name, the seller's name, property address, original offer details, accepted terms, proposed additional terms, and any requested changes to the initial agreement. It is crucial to ensure that all relevant parties sign the notice to establish legal consent and agreement to the proposed modifications. Disclaimer: Please note that this response is for informational purposes only and does not constitute legal advice. It is highly recommended consulting with a qualified attorney for assistance with drafting or understanding legal documents in Michigan.
