Genuine
Assent
Assent
This is improper threat, or act
Duress
Definite and accepted without change
Offer and acceptance
Throwing away
Revocation
What is an offer?
A offer is a proposal from one party to another, to get into a contract.
True or false: Taking back an offer is called termination
Tdue
Exerting pressure to a weaker person for a contract that benefits the dominator
Undue influence and assent
Agreement must not be based on ones party
Genuine assent
Clock
Time stated in the offer
What is the first requirement?
It needs to be made seriously
True or false: Unilateral contracts are two promises and bilateral is one promise.
False, it is the other way around.
Untrue statement of fact
Misrepresentation
What the parties agree to just be legal
Legality
Watch
Reasonable
What is the second requirement?
It needs to be definite and certain.
True or false: Jest is a serious statement someone makes.
False, it is something that is said as a joke.
Rescission, damages, and punitive damages
Fraud
Agreement must involve both sides
Consideration
- Angry
- Exchanging
-Counter offer
What is the third requirement?
It needs to be communicated to the offeree.
True or false: Essential terms must be complete and definite
True
Unliteral or bilateral
Mistakes
- Person must have legal ability
- Some of the agreements must be written
- Capacity
- Proper form
- Grave
- Ripped paper
- Death
- Destruction
Which one of the requirements is easily confused with negotiation?
Serious intent
True or false: an offer can stay open if it has a firm offer and options
True