BUSINESS ADMINISTRATION
BUSINESS LAW
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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: -Contractual communications such as offers and counteroffers can only be communicated in writing. A unilateral acceptance occurs when an offeree indicates acceptance by giving a promise. An offer made to one person can be accepted by another.
Detailed explanation-2: -An acceptance is the only form of contractual communication 9. that is effective when sent. 10. Oral acceptances are effective the moment the words are spoken 10.
Detailed explanation-3: -An acceptance is the only form of contractual communication that is effective when sent.
Detailed explanation-4: -Which of the following statements is true of an offer that was not communicated? The offer is considered to be an implied term.
Detailed explanation-5: -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.