Asked by
Abdulla Janahi
on Nov 21, 2024
Verified
When acceptance is examined under the common law, how do the basic requirements for a valid acceptance compare with those for a valid offer?
A) The basic requirements for a valid acceptance are materially different from those for a valid offer.
B) The basic requirements for a valid acceptance parallel those for a valid offer.
C) The basic requirements for a valid acceptance are different from those for a valid offer only because an offer must be in writing.
D) The basic requirements for a valid acceptance are different from those for a valid offer only because an acceptance must be in writing.
E) The basic requirements for a valid acceptance are different from those for a valid offer only because an offer must be revoked immediately but acceptance can be withheld for a reasonable period of time.
Valid Acceptance
Occurs when an offeree unequivocally agrees to the terms of an offer, thus forming a contract with clear and mutual terms.
Valid Offer
A proposal made by one party to another intended to create a legally binding agreement, provided it is accepted.
- Comprehend the essential elements and terms for an offer to be considered legally binding.
- Ascertain when a contract becomes enforceable by law, focusing on the importance of agreement acceptance.
Verified Answer
EM
Learning Objectives
- Comprehend the essential elements and terms for an offer to be considered legally binding.
- Ascertain when a contract becomes enforceable by law, focusing on the importance of agreement acceptance.