BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a test that a valid offer must pass?
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Is contractual intent present in the offer?
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Are the essential terms of the offer complete and definite?
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Is it made in anger, terror or jest?
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All of these are tests that a valid offer must pass.
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Explanation:
Detailed explanation-1: -Three things must happen for an acceptance to be valid: The offeree knows the offer. The offeree shows the intent to accept the offer. The acceptance is expressed as an agreement to the conditions of the offer.
Detailed explanation-2: -What are the 3 requirements for an offer to be valid? Requirements for an offer: serious intent, clear and reasonable definite terms, communication to the offeree.
Detailed explanation-3: -A valid offer creates a legal relationship which means there must be an intention of the offeror to work under legal obligation or to be legally bounded by law not under social obligation. For example : “X” (Father of Y) says to “Y”, if he pass the exam he will get a new video game.
There is 1 question to complete.