The Federal Energy Regulatory Commission (“FERC”) regulates interstate electricity markets. To that end, FERC “authorized the creation of ‘regional transmission organizations,’ to oversee [] multistate markets.” See PPL EnergyPlus, LLC v....
BILATERAL CONTRACTS
(LIIBULLETIN preview)
(Wex page)
The mailbox rule, also called the posting rule, refers to the default rule in contracts law for determining when an offer was accepted. Under the mailbox rule, an offer is considered accepted the moment the offeree mails their letter, rather...
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Promissory estoppel is a contract law doctrine that allows a plaintiff to recover damages, despite no actual contract, when the defendant made a promise that the plaintiff detrimentally relied upon, and the plaintiff’s reliance on that...
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Definition
A unilateral contract is a contract created by an offer than can only be accepted by performance.
OverviewIn a unilateral contract, there is an express offer that payment is made only by a party's performance. Another example of...