Question: If you are the offeree, then _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . you have the

If you are the offeree, then _______________.
you have the power to accept the offer and form a binding contract
the other party has th

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

*Discussion Post* Professor Question: Reasonably Definite Term & Contract Offer, Termination of an Offer, Who May Accept an Offer (PLEASE READ) Based on the "Professor Analysis" Questions and Answers...

Q:

Cantu v. San Benito Consolidated Independent School District FACTS Ms. Cantu had a teaching contract with the San Benito Consolidated Independent School District. She hand-delivered to her supervisor...

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

Characteristics of a Contract Contract Defined: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Sources of Contract Law _ _ _ _ _ _ _ _ _ _ _ _ _ _ _...

Q:

Characteristics of a Contract Contract Defined: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Sources of Contract Law _ _ _ _ _ _ _ _ _ _ _ _ _ _ _...

Q:

Based on this discussion , what factors would be important in terms of serious contractual intent? So now that we have dealt with the high-level questions of what we mean by voluntariness, what we...

Q:

Based on this discussion , what factors would be important in terms of serious contractual intent? So now that we have dealt with the high-level questions of what we mean by voluntariness, what we...

Q:

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Q:

Current Attempt in Progress Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. (If no entry is required, select "No Entry"...

Q:

Suppose you invested in Company A's bonds, and the company used a large amount of that debt to acquire another firm. (Such a deal is called a leveraged buyout.) This deal led to significant losses...

Q:

12. Non-Constant Dividends (LO1) Chamberlain Corporation is expected to pay the following dividends over the next four years: $12, $8, $7, and $2.50. Afterward, the company pledges to maintain a...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...