Articles Tagged with The Time Limited Demand

Acceptance and Rejection of The Time-Limited Demand

The law of contract formation with respect to offers, counteroffers and rejections informs whether an insurer fails to take advantage of an offer to settle within policy limits. Accordingly, when negotiating a possible settlement within policy limits, the following rules apply:

  • The offeror is master of his offer and may condition the terms under which an offer may be accepted.
Contact Information