Business

Marquise Stephens Bus 201 01 Mr. Harrison Ch. 6 October 23, 2011 Offer and Agreement 1. let off the two requisite elements of a contract. (1) An sally, either express or implied (2) an acceptance, either expressed or implied. 2. List the three requirements for well-grounded chap. (1) it must(prenominal) be distinct (2) it must appear to be seriously think (3) it must be communicated to the erectee. 3. Under what concomitant can an offer be definite and yet the price not is definite? The offerors intentions ar observed from the offer, and these intentions cannot be ascertained unless the offer is definite. The offeror may republic that the price give be find out by market price at a future visualise or by a third party 4. What are common types of invitations to make an offer? The virtually common types of prevalent invitations are advertisements, window displays, catalogs, price lists, and circulars. 5. A. When may an offer be revoked? When offer communicated t o the offeree prior to the acceptance B. What is the effect of demise and madness of the offeree on an offer? Offer automatically evokes the offer. both parties must be alive and competent to contract at the piece the acceptance is properly communicated to the others. 6. Explain one exemplar in which stamp down constitutes acceptance of an offer?

When the offeree has given the offeror fountain to know assent might be shown by silence and in remaining silent the offeree intends to accept the offer 7. How is a reasonable time after which an offer would lapse intractable? If no time is specific in the offer, it is exterminated b y a lapse of a reasonable time offer being c! ommunicated to the offeree. 8. Explain the consequences when an intended acceptance varies or qualifies the offer. The rejections terminate the offer. This rule is changed to some extent when the offer relates to the sales or purchased of goods. Counteroffer may be accepted or rejected by the original offeror 9. What is the mailbox rule? if there of no...If you pauperization to learn a full essay, order it on our website: BestEssayCheap.com

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