Asked by: Fermi Oronozasked in category: General Last Updated: 20th May, 2020
Which of the following constitutes a valid offer?
Furthermore, what are the criteria for a valid offer?
Offers at common law required three elements: communication, commitment and definite terms.
- Communicated. The person making the offer (the offeror) must communicate his offer to a person who may then choose to accept or reject the offer (the offeree).
- Definite Terms.
- Other Issues.
One may also ask, what makes an offer an offer? Treitel defines an offer as "an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed", the "offeree". An offer is a statement of the terms on which the offeror is willing to be bound.
Accordingly, what must an offer contain quizlet?
An offer must include all essential terms (price, delivery date, quantity, method of payment, etc.)
Which of the following is a requirement for a valid acceptance?
Manifestation of intent to be bound by the acceptance of the contract, agreement to the definite and certain terms of the offer, and communication of that to the offeror.