BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -An executed contract is a contract that has not been fully performed. A person who is not the intended offeree can accept the offer. Advertisements that ask the offeree to perform an act as a way of accepting cannot be considered offers.

Detailed explanation-2: -So, the only person with the legal power to accept an offer and create a contract is the original offeree. An attempt to accept by anyone other than the offeree is treated as an offer, because the party attempting to accept is indicating a present intent to contract on the original offer’s terms.

Detailed explanation-3: -If an offeree clearly rejects the offer, the offer is said to be terminated. When an offeree changes the offeror’s terms in important ways, the offeree makes a counteroffer.

Detailed explanation-4: -An offer can only be accepted by the offeree, that is, the person to whom the offer is made.

Detailed explanation-5: -The general rule is that an acceptance must be communicated to the offeror. Until and unless the acceptance is so communicated, no contract comes into existence.