Question: Now that you have a handle on how a valid contract is formed, I would like you to complete the Offer & Acceptance Chart below.

Now that you have a handle on how a valid contract is formed, I would like you to complete the Offer & Acceptance Chart below. For each of the 7 "deals" between Al and Bob, you should identify the following: (1) each party's role (this may change); (2) identify whether each statement is an offer, acceptance, revocation, rejection, counteroffer, or nothing; and (3) conclude whether a contract was made. The first "deal" has been completed for you as an example.

Now that you have a handle on how a valid contract is formed, I would like you to complete the Offer & Acceptance Chart below. For each of the 7 "deals" between Al and Bob, you

CONTRACTS OFFER, ACCEPTANCE, COUNTEROFFER

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!

Now that you have a handle on how a valid contract is formed, I would like you to complete the Offer \& Acceptance Chart below. For each of the 7 "deals" between Al and Bob, you should identify the...

Question 1 Parties to a lawsuit may waive personal jurisdiction. False True Question 2 Some judicial systems build in cost-cutting measure such as six-person juries instead of twelve-person juries....

I want to get these answers right away Question 1 1pts Parties to a lawsuit may waive personal jurisdiction. False True Flag this Question Question 2 1pts Some judicial systems build in cost-cutting...

Explain the for required elements of a valid contract. Include a discussion of the terms offer, acceptance, infancy, intoxication, insanity and how they apply to whether or not a contract is formed....

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...

Jennifer has offered to sell her computer to Jack for $1500. She tells Jack that thecomputer is only 3 months old but in fact, the computer is 4 years old, and Jenniferwants to unload the lemon on...

**BUSINESS LAW** Anwers need to be in a IRAC format. Ive attached a "how-to" on the format. below is the assignment sheet and the readings. Need to be in IRAC format. Ive attached an example along...

1. Mary slipped and fell while shopping in Giant Department Store. Giant's liability carrier defended on the basis of a $1,000 release taken by its adjuster, Sam. Mary claimed that she only signed...

This is a course on Law of Contracts. 1. Mary slipped and fell while shopping in Giant Department Store. Giant's liability carrier defended on the basis of a $1,000 release taken by its adjuster,...

USING THE I-R-A-C STRUCTURE IN WRITING EXAM ANSWERS The IRAC method is a framework for organizing your answer to a business law essay question. The basic structure is: Issue, Rule, Analysis, and...

According to a lawsuit filed by the EEOC, two female cashiers at Loves truck stop in Buckeye, Arizona, ages 18 and 20, were allegedly subjected to unwanted sexual touching and pressing, crude and...

A caterer offers a package that feeds up to 50 people for $1,500 and adds an additional charge of $24.75 for each additional person. Enter a linear model that represents the total amount charged a...

The figure shows an ancient coin which was once used in China. The coin is in the shape of a circle of radius 3 cm with a square of sides x cm removed from its centre. The area of each face of the...

Jim sold a car and accepted a note promising cash flows of $1,000 at the end of Year 1, and $2,000 at the end of Years 2, 3, and 4 as his payment. What was the effective price he received for the...