creation of offers
agreements between two or more parties that create obligations
contracts
the right to withdraw an offer before it is accepted
revocation
who must acceptance be communicated to?
the offeror
contract that has been fully performed
executed contract
What did the snow woman do to the snowman when she was upset with him?
she gave him the cold shoulder
what the promisor demands and generally must receive in order to make his or her promise legally enforceable against him or her
consideration
if the offeree changes the offeror's terms in important ways and sends it back to the offeror, they create a
counteroffer
when a party to whom an offer has been made agrees to the proposal
acceptance
what must acceptance include to be a legally enforceable contract?
1. come from the person or persons to whom the offer was made
2. match the terms in the offer
3. be communicated to the offeror
where does Christmas come before thanksgiving?
a contract that has not been fully performed
executory contract
if the offeree gives the offeror something of value in return for a promise to keep the offer open
option
requires that the acceptance must exactly match the terms contained in the offer
mirror image rule
implied-in-fact contract
why didn't the stocking want to eat Christmas dinner?
he was stuffed
express contract
if a written offer contains a term stating how long it is to stay open
firm offer
contract where the offeror promises something in return for the offer's performance and indicates that this performance is the way acceptance is to be made
A TV advertisement offers that anyone who shows up to Chick-fil-a (at listed participating locations) dressed as a cow on December 4, 2022, gets one free 8-count chicken nugget or regular chicken sandwich. The offer is only valid for the first 100 people that show up dressed like a cow. Is this a legally enforceable contract?
This would be considered a legally enforceable offer because they gave all of the specifics, and it is not an unreasonable offer.
where do snowmen go to dance?
the snowball
not really a contract but instead a fiction created by the law to allow the enforcement of a contractual remedy where justice alone warrants a remedy
implied-in-fact contract/quasi
in what ways is an offer terminated?
a contract that is formed by the mutual exchange of legally binding promises
bilateral contract
Tom was injured in a fall and was hospitalized. While Tom was in the hospital, his friend Bella went to his house and power-washed his house and driveway. Tom had mentioned wanting to get it done before he was in the hospital, so Bella did it herself and asked Tom for $250 after she power-washed his house and driveway. Is this an enforceable contract? Must Tom pay Bella $250 for the work she did?
This is not an enforceable promise because the promise was not made prior to the action. However, Tom can still give Bella $250 if he chooses to, but he is not legally required to.
if athletes get athletes foot, what do astronauts get?
mistletoe