BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The contract contains acts that are illegal
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The acceptance does not match the offer
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The offer is accepted by someone other than the offeree
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All of these render the contract invalid
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Detailed explanation-1: -If the subject matter is illegal, the contract will not be valid. All terms of your contract must not contravene any federal or state law. If the formation or performance of the contract will require a party to break the law, the contract is invalid.
Detailed explanation-2: -The common contract scenarios that allow one or more party to void the contract include Fraud, Misrepresentation, Duress, Undue Influence, Mutual Mistake, or (in some cases) Unilateral Mistake.
Detailed explanation-3: -Rules of invalid acceptance Counter offer (new terms are introduced to the initial offer by the offeree). Conditional acceptance (subject to conditions). Cross offer (two offers are made simultaneously with similar terms). Ignorance of offer (unilateral offer of reward).
Detailed explanation-4: -Acceptance must be unconditional and absolute. There cannot be conditional acceptance, that would amount to a counteroffer which nullifies the original offer.