Examlex
In the case in the text,United States v.Southern Union Company,the court held that the defendant was criminally liable because:
Invalid Offer
An offer that cannot be legally accepted due to its failure to meet certain essential elements or because it involves activities contrary to law.
Counteroffer
An offeree’s response to an offer in which the offeree rejects the original offer and at the same time makes a new offer.
Original Offeror
The entity or individual who first makes an offer or proposal in a contract negotiation scenario.
Offer Terminates
The point at which a proposal or invitation to engage in a contract is revoked or becomes invalid.
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