BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -An acceptance of an offer to sell goods may not change the terms of the offer if both offeror and offeree are nonmerchants. A valid contract must contain at least four of the six elements of a contract. Consideration is the legal ability to enter a contract.

Detailed explanation-2: -According to the “mirror image rule”, you must accept an offer in its entirety, without any changes. Modifying the offer in any manner constitutes a counter-offer and nullifies the original offer. The offeree can, however, request for information; such request does not amount to making a counter-offer.

Detailed explanation-3: -A conditional or qualified acceptance is an acceptance that adds to, or changes, the terms of the original offer. This is essentially a counteroffer. A conditional or qualified acceptance generally terminates the offeree’s power of acceptance.

Detailed explanation-4: -An acceptance can impose new conditions or change the terms of the original offer without rejecting it. An e-contract must meet basic requirements that are different from those required of a paper contract.