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Ron offers to sell Pete his stamp collection. Pete gives Ron $10 to induce Pete into
keeping his offer open for a week. If Ron decides on day four of the week that he really
does not want to sell to Pete, he can revoke his offer without fear of a breach of contract
lawsuit being filed against him.
Interpretative rules are exempt from the APA's procedural requirements of notice and
comment.
Within each federal district court is established a bankruptcy court staffed by
bankruptcy judges.
Name four types of contract rights that are non-assignable.
Define a substituted contract and explain how it affects an agreement.
Rule 505, as promulgated by the SEC, provides a nonexclusive safe harbor for securing
the intrastate exemption.
