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.
Oregon Notice to Buyer of Acceptance of Additional Terms is a legal document used to inform the buyer of the acceptance of additional terms or conditions in a transaction. This document plays a vital role in safeguarding the rights and responsibilities of both the buyer and the seller. It ensures that both parties are aware and agree upon any amendments or revisions made to the original agreement. In Oregon, there are two main types of Notice to Buyer of Acceptance of Additional Terms: 1. Oregon Notice to Buyer of Acceptance of Additional Terms for Real Estate Transactions: This type of notice is specifically used in real estate transactions, where additional terms might be added to the original purchase agreement. These terms could include a change in the purchase price, contingencies, inspection fees, or specific conditions to be met before closing the deal. The notice provides a clear and concise explanation of the additional terms and ensures that the buyer is fully informed and acknowledges acceptance. 2. Oregon Notice to Buyer of Acceptance of Additional Terms for Sales Contracts: This type of notice is used in various sales contracts, such as the purchase of goods or services. It notifies the buyer about any additional terms or conditions that have been added to the original contract. These additional terms might involve warranties, delivery terms, payment deadlines, or any other specific provisions relevant to the sales transaction. The notice aims to ensure that the buyer is made aware of the modifications and agrees to them before proceeding with the purchase. The purpose of these notices is to provide transparency and prevent any misunderstandings or disputes between the parties involved. By informing the buyer of the acceptance of additional terms, these notices protect both the buyer's rights and the seller's interests. It is crucial for buyers to carefully review these notices to fully understand the implications of the additional terms and make an informed decision. In conclusion, Oregon Notice to Buyer of Acceptance of Additional Terms is a crucial legal document used in real estate and sales transactions. It serves to inform the buyer about any added terms or conditions that modify the original agreement. By recognizing and accepting these terms, the buyer ensures a smooth and mutually beneficial transaction.
