if you get a letter from the state offering to buy your house for $200,000 to build a new road, which provision is implicated?

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19-12-2022
Business

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if you get a letter from the state offering to buy your house for $200,000 to build a new road, which provision is implicated?

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contexto38 contexto38 · Answer 1 · 2022-12-25T06:04:51-05:00

If someone gets an offer from the state offering to buy your house for $200,000 to build a new road, the provision of no binding contract is being implicated.

A no binding contract can be referred to or considered as a contract wherein the provision is such that the party to whom an offer is made need not necessarily accept it. Additionally, it may also be said that the party under such a contract is not legally bound to perform the acceptance of the offer being made, as such. It is also a condition of an express offer to the concerned party.

Learn more about a no-binding contract here:

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