BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -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. The right of ? allows an offeror to withdraw an offer before it is accepted.
Detailed explanation-2: -Courts and scholars uniformly recite the contract law rule familiar to all first-year students: An advertisement is not an offer.
Detailed explanation-3: -Generally speaking, advertisements, catalogs, brochures, and announcements to the public associated with the sale of merchandise at a specified price are not considered to be offers to enter into a binding contract. Rather, they are considered to be invitations to make a deal.
Detailed explanation-4: - The acceptance must be unequivocal and must be communicated to the offeror. The acceptance must be made by the offeree-a third party generally cannot substitute for the offeree and effectively accept the offer. (3) The offer must be communicated to the offeree.
Detailed explanation-5: -A unilateral contract involves the exchange of a promise for an act. To accept an offer to enter such a contract, the offeree must perform the requested act.