Asked by
Aline Rivera
on Nov 01, 2024
Verified
________ exists when an offeror communicates a valid offer with clear and unambiguous terms to the offeree,and the offer has been accepted properly by the offeree.
A) Legality
B) Capacity
C) Consideration
D) Mutual assent
Mutual Assent
An agreement between parties that is reached after each party has a clear understanding of the terms and decides to enter the agreement.
Valid Offer
A proposal made by one party to another intending to create a legally binding agreement, subject to acceptance.
Accepted Properly
Refers to the act of formally agreeing to the terms of an offer or contract in a manner that meets all legal requirements.
- Understand the fundamental components of a valid contract, including mutual assent, consideration, legality, and capacity.
Verified Answer
TC
Learning Objectives
- Understand the fundamental components of a valid contract, including mutual assent, consideration, legality, and capacity.