Question: . Most commercial transactions are covered by the [ Select ] . 2 . Under the [ Select ] the terms of an offer must
Most commercial transactions are covered by the
Select
Under the
Select
the terms of an offer must be definite or a contract is not formed.
The "mirror image rule" applies to contracts created under the
Select
The
Select
allows an offer to be revoked anytime prior to acceptance by the offeree.
Additional terms of an acceptance can become part of the contract under the
Select
The
Select
includes Statute of Frauds provisions that apply to sales and lease contracts.
The "firm offer rule" applies under the
Select
Under the
Select
if the price of the goods is left out of the offer, a reasonable price s implied at the time of delivery.
Consideration is required for the modification of a contract under the
Select
The
Select
has developed through decisions made in previous court cases.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
