WebbStudy with Quizlet and memorize flashcards containing terms like t/f On Tuesday morning John sends a letter to Arlene rejecting her offer, but later the same day John changes his mind and sends a letter of acceptance to Arlene. The letter of acceptance will be effective only if it is received by Arlene before she receives the rejection., t/f An offer is effective … WebbIn order for an offer to be considered valid, it must meet the following requirements: Must be communicated Must be made with the purpose of obtaining the assent of the other party Must be capable of establishing legal relation, meaning that consideration must be a two-way process Must contain language that is certain and no element of uncertainty
Smartbook chapter 14 Flashcards Quizlet
WebbOffer must be communicated to a third party so it can be verified. B. Offer must include value of over $500 and the value of the contract must be warranted C. Offer must include … WebbStudy with Quizlet and memorize flashcards containing terms like 1. Offer and Acceptance 2. Genuine Consent 3. Legality 4. Consideration 5. Capacity 6. Writing, 1. Contractual intent must be present in the offer 2. The offer must be communicated with the offeree 3. The essential terms of the offer must be complete and definite, 1. Identify the price 2. … should holy land be capitalized
Ch.14: Agreement Flashcards Quizlet
WebbFor an offer to be valid, it must be: 1. Definite and certain 2. Communicated to the offeree 3. Made with a serious intention that the offeror will be bound by it. To be definite and certain... an offer should specify all the terms and conditions of the contract. Webb1 mars 2016 · A) There is an objective intent by the offeror to enter into a contract. B) The offer must be in writing and signed by the offeror. C) The offer must be communicated … WebbStandardized Form Contracts. def: contracts that are preprinted by one party and presented to the other party for signing. most situations: the party who drafts and presents the standardized contract is the party who has the most bargaining power and/or sophistication in the transaction. frequently: standardized contracts are nonnegotiable. should history be taught in school