Last shot

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For the film, see The Last Shot.

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.

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