BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many requirements are there to create a valid offer?
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2
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3
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4
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5
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Explanation:
Detailed explanation-1: -For offers at common law to be valid, they require three elements: communication, definite terms and commitment.
Detailed explanation-2: -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.
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