Asked by
Rebecca Herrera
on Nov 27, 2024Verified
Pye tries to start his car with no success. He yells that he will sell the car to anyone for $10. Qua, a passerby, hears Pye's yell. This is not an effective offer because it lacks
A) communication.
B) definite terms.
C) serious intent.
D) practicality.
Definite Terms
The clear and specific conditions included in a contract that describe the rights and obligations of each party.
Serious Intent
The genuine intention to engage in a legal agreement or action, implying that the party has a real interest in following through.
Effective Offer
A proposal that clearly outlines the terms and conditions of a contract, legally binding once accepted.
- Discern the characteristics that impact an offer's effectiveness.
Verified Answer
AS
Learning Objectives
- Discern the characteristics that impact an offer's effectiveness.