[Anonymous]

NINJA Question –

I think there is an error on page 96 of NINJA Notes for REGULATION 2014 (latest version). Under CONTRACT REVOCATION, the third bullet states “Option – some amount of consideration (like money) is put forth by offeror to keep the offer open for a stated period of time”. My research shows that it is the offerEE that puts forth the consideration to keep the offer open. Here is the source:

“Some offers may be made irrevocable. An irrevocable offer is one that cannot be revoked by the offerer and terminates only upon the passage of time or rejection by the recipient. There are three types of irrevocable offers: (1) where the recipient of the offer pays the offerer for the promise to keep the offer open; (2) where the recipient of the offer partly or fully performs his or her obligations under the offer; and (3) firm offers under section 2-205 of the Uniform Commercial Code. A firm offer is an assurance by a merchant to buy or sell goods. The assurance must be in writing. No consideration is necessary to support the promise that the offer will remain open.” SORUCE: https://legal-dictionary.thefreedictionary.com/offer

The recipient is the Offeree.

[Matt]

Yep, seems like a typo. But unless there are other errors you found, I'd suggest the “Errors” in the title ought to be singular rather than plural…

AUD: 88
BEC: 79
REG: 81
FAR: 72 » 74 » 88

Study method: 100% watching videos, including solving problems covered therein; no books, paper, or pencils

[Anonymous]

Duly noted and concurred. It is a material typo because it can mislead folks using the NINJA Notes. Thanks for the feedback. Who know if someone might find another error or typo and hence, justify going by the plural form? Just pulling your leg. On a serious note, is there a discussion thread set up for reporting errors or typos?

[Author]

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