BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the terms must match
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must be in writing
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must be on legal paper
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must exchange money
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Detailed explanation-1: -Further, when the offeree accepts the proposal, he must have known that an offer was made. He cannot communicate acceptance without knowledge of the offer. So when A offers to supply B with goods, and B is agreeable to all the terms.
Detailed explanation-2: -OFFER MUST BE COMMUNICATED TO THE OFFEREE A person cannot accept an offer without knowing about it. general public cannot be accepted by someone who has never seen or heard of the offer.
Detailed explanation-3: -The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
Detailed explanation-4: -When the terms of acceptance must exactly match the terms contained in the offer, it is called. Mirror Image Rule.