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: -So as the definition states, when the offeree to whom the proposal is made, unconditionally accepts the offer it will amount to acceptance. After such an offer is accepted the offer becomes a promise.
Detailed explanation-2: -An offer can only be accepted by the offeree, that is, the person to whom the offer is made.
Detailed explanation-3: -The person who makes an offer is called the “offeror” and the person who accepts it is called the “offeree.” The communication of an offer can be done verbally, in writing, electronically, or by any other means.
Detailed explanation-4: -The offeror is the party who makes the offer. The offeree is the person who either accepts or does not accept the offer. So, for there to be an agreement, there must be three things: an offeror, an offeree, and of course, an offer!