Question: In order for an offer to be valid Responses it must create an immediate power of acceptance in the offeree it must create an immediate

In order for an offer to be valid
Responses
it must create an immediate power of acceptance in the offeree
it must create an immediate power of acceptance in the offeree
the elements of the contract must be reasonable to an objective person
the elements of the contract must be reasonable to an objective person
the offeror must intend to be bound by the offer
the offeror must intend to be bound by the offer
the intent must be objectively clear to a reasonable person

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:

Read the article, "John D.R. Leonard, Plaintiff, -against- PepsiCo, Inc., Defendant," found on the website provided in the Reading & Study folder. Watch the presentations (also found in the Reading &...

Q:

In order for an offer to be valid choose all the correct Responses it must create an immediate power of acceptance in the offeree the intent must be objectively clear to a reasonable person the...

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 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

is it True (T) or False (F)? 1. All agreements are contracts, but not all contracts are agreements. T F 2. All contracts are agreements and all agreements are contracts. T F 3. Written contracts must...

Q:

\f\f\f9' \"'3' 22:13 @ 54% [:1- Done law assgiment.docx UTpLorrrUb-zs Introduction Alan is a student of Kaplan Higher Education, he completed Commercial Law module in June 2015 and intends to sell...

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:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

Brightlands City Council are putting on a 'Summer Fair' from June to September in a local park. They have encountered two contractual difficulties: The council wanted to set up a marquee to serve...

Q:

Brightlands City Council are putting on a 'Summer Fair' from June to September in a local park. They have encountered two contractual difficulties: The council wanted to set up a marquee to serve...

Q:

In a manufacturing operation, three holes are drilled simultaneously in a work piece. Knowing that the holes are perpendicular to the surfaces of the work piece, replace the couples applied to the...

Q:

Let (a) Show that {z1, z2} is an orthonormal set in C2. 1 +i and 22

Q:

12. Wysocki Company has incurred borrowing costs as part of its manufacturing process of its inventory. Should these costs be included in the cost of the inventory? Explain.

Q:

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...