Question: Which is correct? An offer can lapse only before acceptance is mailed. Consideration must be approximately equal to the value of the benefit received, or

Which is correct? An offer can lapse only before acceptance is

Which is correct? An offer can lapse only before acceptance is mailed. Consideration must be approximately equal to the value of the benefit received, or a contract cannot be formed. Silence can be allowed at common law as a mode of acceptance to a contract offer. The party seeking to prove the existence of a valid contract has the burden of proving that an intent to create legal relations existed Unless consideration can be found to be present, no contract has been formed

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