Contract law: invitations to treat (1). An invitation to treat is an invitation for customers to submit an offer, and indicates a willingness to deal.
The Agreement provides that the buyer will have two days from the last day (five if not specified) that the seller had to respond in writing to the buyerâs corrective proposal. Now that we have formula, letâs see how it works.
However, upon acceptance of your offer, the bumpable buyer is given the first right of refusal. This buyer will have between 24 â 72 hrs (depending upon what time frame was initially agreed upon by all parties when the seller accepted a bumpable sale) to remove their contingency.