Asked by
Shernyee Harry
on Dec 20, 2024
Verified
For an offer to be valid:
A) the offeree must have knowledge of the offer.
B) the offeree must have first-hand knowledge of the offer.
C) the offer must be stated or communicated by words.
D) the offer must be made by the offeror.
Communicated
The process of conveying or exchanging information, ideas, or messages through speech, writing, or other mediums.
Valid Offer
A legally binding proposal made by one party to another to form a contract, requiring clear terms, intention, and communication.
Knowledge
The understanding, awareness, or familiarity gained through education or experience.
- Determine the essential elements of a legitimate offer.
- Comprehend the significance of effective communication in contract formulation.
- Differentiate between types of knowledge of the offer and their significance.
Verified Answer
IR
Learning Objectives
- Determine the essential elements of a legitimate offer.
- Comprehend the significance of effective communication in contract formulation.
- Differentiate between types of knowledge of the offer and their significance.