Last shot

From Wikipedia, the free encyclopedia

For the film, see The Last Shot

This article is orphaned as few or no other articles link to it. Please help introduce links in articles on related topics. (November 2006)

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.