Last shot

For the film, see The Last Shot.

In the law of contracts, under the last shot rule, a party implicitly assented to and thereby accepted a counter-offer by conduct indicating lack of objection to it. In addition to being based on a questionable notion of implied assent, the last shot rule tended in practice to favor sellers over buyers, because sellers normally “fire the last shot” – i.e., send the last form.

See also


This article is issued from Wikipedia - version of the Thursday, March 14, 2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.