Question: It is a basic contract rule that if one party makes what looks like an offer the other side is entitled to accept that offer

It is a basic contract rule that if one party makes what looks like an offer the other side is entitled to accept that offer whether it was intended as one or not. What is the term for this rule of contract law?

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:

It is a basic contract rule that if one party makes what looks like an offer, the other side is entitled to accept that offer whether it was intended as one or not. What is the term for this rule of...

Q:

It is a basic contract rule that if one party makes what looks like an offer, the other side is entitled to accept that offer whether it was intended as one or not. What is the term for this rule of...

Q:

Study the Supreme Court Decision and submit the case digest. PLEASE FOLLOW AND LABEL THE PARTS: Facts, Issue, and Ruling Format of the Case Digest Caption/Title: This includes the title of the case,...

Q:

41. Jack offers to sell his house to Bill. He prepares a written offer but mistakenly transposes some numbers and offers to sell for $189,000 instead of $198,000 intended. He sends the offer to Bill...

Q:

Chapter 1 1. Why have certain societies chosen to organize their legal rules in the form of a comprehensive written code? 2. If the Charter does not apply to contracts between private individuals,...

Q:

Would greatly appreciate if someone could answer these Business Law and Ethics vocab questions for me, all of the matching phrases are in the dropdown menu I selected. Thank you! Second Page Chapter...

Q:

Question 2 (15 marks) Mary (she/her) meets Carl (he/him) at a party in Wollongong, NSW, Australia. Carl is a gardener. Mary has a large garden. He offers to do some gardening for Mary. He says he is...

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:

Please help me answer questions 9 + 10, and check my answer from 1 to 8. Thank you. Sid finds out that his wife, Betty, is having an affair with Joe his best friend, Sid is enraged by the affair and...

Q:

If f(x) = x2 / (1 + x), find f"'(1)

Q:

c or c++ or Java or python 2. Dam Design Your company is designing a dam to be built across a stream to create a small lake. To reduce materials cost, it will be made of one or more concrete walls...

Q:

A project with the same level of risk as an all - equity firm should be accepted if the project's internal rate of return exceeds the firm's cost of equity capital. True or False

Q:

Financial Statements and Closing Entries Last Chance Company offers legal consulting advice to prison inmates. Last Chance Company prepared the end-of-period spreadsheet that follows at June 30,...