Question: Parties to a contract negotiation can terminate a valid offer by which of the following methods? Revocation of the offer by the offeror Rejection of

Parties to a contract negotiation can terminate aParties to a contract negotiation can terminate a

Parties to a contract negotiation can terminate a valid offer by which of the following methods? Revocation of the offer by the offeror Rejection of the offer by the offeree Counteroffer All of the above Just A and B Question 6 1 pts Acceptance of a valid offer must be both unequivocal and a voluntary act, meaning the offeree must not change the terms of the offer and cannot be placed under duress or undue influence. True False Question 7 1 pts Adequate consideration under contract law includes which of the following? A promise to do something with no prior duty Performing an action the party is otherwise not obligated to take Refraining from an action one has the legal right to do All of the above B and C only u Question 8 1 pts A gift is not adequate legal consideration because it lacks a bargained-for exchange. O True False

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!