Question: The three requirements for a valid offer are: present intent to contract, definiteness, and communication to the offeree.

The three requirements for a valid offer are: present intent to contract, definiteness, and communication to the offeree.

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:

QUESTION 1 4 The three requirements for a valid offer are: present intent to contract, definiteness, and communication to the offeree. True False

Q:

QUESTION 5 The three requirements for a valid offer are: present intent to contract, definiteness, and communication to the offeree. True False

Q:

true or false The three requirements for a valid offer are: present intent to contract, definiteness, and communication to the offeree.

Q:

Matching. This section is worth 20 total points. Each correct answer is worth 2 points. Correspond the letters to the best answer. Use each answer once. Valid B. Void C. Voidable D. Executed E....

Q:

pleas just help me with the right choice no need for explain. 1- Which of the following is most correct: A. As a general rule an offeree's silence, without more, is not acceptance. B. Customary trade...

Q:

Please reply to this peer discussion. An agreement is the heart of every contract along with an offer and acceptance. Although you must pass all the elements (7) to arrive to a contract. Terms like...

Q:

An agreement is the heart of every contract along with an offer and acceptance. Although you must pass all the elements (7) to arrive to a contract. Terms like specificity or definiteness are needed...

Q:

1. Which of the following is a false statement? A.An offer for a unilateral contract generally may be able to be revoked at any time prior to the performance of the requested act. B.Under the...

Q:

Elements of the Offer In this activity, you'll be reviewing a hypothetical situation concerning a contract. You'll use what you've learned in Chapter 13 to determine if the case suggests that a valid...

Q:

Introduction: Read the overview below and complete the activities that follow. In this activity, you'll be reviewing a hypothetical situation concerning a contract. You'll use what you've learned in...

Q:

Comment on the level of detail necessary for operations management middle management and stockholders.

Q:

A thin, homogeneous wire is bent to form the perimeter of the figure indicated. Locate the center of gravity of the wire figure thus formed. Given; a = 127 mm. Y - 100 mm The center of gravity of the...

Q:

1 1 1 point A portfolio consisting of every financial asset ( including every stock and bond ) traded in the financial the market portfolio. a mutual fund. a managed index fund. the Standard

Q:

Japanese Airlines (JAL) wants to add one Boeing 787 to its fleet in January 2021. The current purchase price as provided by BA is $100M. JAL has the option to either purchase the aircraft or lease...