Question: Question 5: Which statement best describes the difference between an offer and an invitation to treat? (2 marks) A. An 'offer' is an unequivocal statement

Question 5: Which statement best describes the difference between an "offer" and an invitation to treat"? (2 marks) A. An 'offer' is an unequivocal statement of a willingness to be bound, while an 'invitation to treat is an invitation to the other party to make the offer. B. An offer' is a written statement of a willingness to be bound, while an 'invitation to treat is an invitation to the other party to make the offer. C. An 'offer' is either a written or oral statement of a willingness to be bound, while an 'invitation to treat is an invitation to the other party to enjoy a treat at the expense of the offeror. D. An offer' is a statement of a willingness to be bound, while an invitation to treat is an assumption that the other party is willing to be bound. [Questions continue over the page.]

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 Accounting Questions!

Question: Which statement best describes the difference between an "offer" and an "invitation to treat"? (2 marks) A. An 'offer' is an unequivocal statement of a willingness to be bound, while an...

Having lived in Nottingham for nearly 20 years after their marriage, Amber and Harry decided to relocate to Brighton, where they could enjoy more sunny days. Since they did not want to take all of...

Questions Chap 1 1. Consider the following cases and decide whether criminal or civil proceedings would result, and make a note of the parties in the action. a) Ali is being prosecuted for careless...

Please answer the whole question Discuss the differences between unilateral offer and bilateral offer. (4 marks) What is Rule of Law? (4 marks) Describe the main functions of the Special Court. (4...

Question 1: The two major sources of law in Singapore are legislation and the common law. Which statement best describes these two sources? (2 marks) A. Legislation refers to statues passed by...

Question 1 Although Kyrie's job title at a local car dealership is "sales director," in reality, all car deals must be approved by the dealership's owner. One day, Kyrie exceeded her authority and...

Please write this in your own words. The law of contract is a set of rules governing the relationship, content and validity of an agreement between two or more persons (individuals, companies or...

A. When a judge is trying to decide if a contract has been formed, the judge will look for a mutual agreement between the parties, a clear or implied intention to create legally enforceable...

1. Your spouse works for a clothing retailer that is an audit client and you are a covered member with respect to that client. Which employment position held by your spouse would be least likely to...

What is the difference between the communication of an invitation to treat and the communication of an offer to enter into a contract? Question 5 options: An offer to enter into a contract is an...

Information concerning the allocation of loan portfolios to different market sectors is given below: a. Which bank is further away from the national average? b. Is a large standard deviation...

Below are several statements about occupational fraud. 1. For most large companies, occupational fraud is minimal and internal control procedures are unnecessary. 2. Managers have a variety of...

As a short - term creditor concerned with a companys ability to meet its financial obligation to you, which one of the following combinations of ratios would yers mast lithely prefer? Current ratio =...

Elizabeth Island Airways scher. Ellermalogenal airine serving the New England area, recently suffered a major cras. As a result passengers are considered to be shy choose As there comer when making...

5. What are the mitigating factors in this case? Should the arbitrator consider these mitigating factors in reviewing the penalty assessed by the Company? On March 27, 1998, the Company, the Union,...

1. What is a last chance agreement? On March 27, 1998, the Company, the Union, and Mr. Danny Webb, the Grievant, entered into and signed the following Agreement: Without precedent, the Company, the...

2. Does a last chance agreement limit the arbitrators authority? If so, how? If not, why not? On March 27, 1998, the Company, the Union, and Mr. Danny Webb, the Grievant, entered into and signed the...