Ways to terminate
What is it called when the person making the offer withdraws it before it is accepted?
What is Revocation
What is it called to have true and complete intent to enter a contract?
What do you call the person who makes the offer?
What is the offeror
Who must an acceptance come from?
What is the Offeree
What happens when an offer reaches its stated deadline?
What is expiration of the stated time
Offer and acceptance must include what 2 people?
Person to whom the offer is made?
What is the offeree
What type of acceptance / contract is made by no action or communication?
What can terminate an offer if the person receiving it says no?
What is rejection by the offense
True or False, it does not matter if the agreement was based on one party deceiving another into agreeing to a deal.
What is false
What is the definition of an offer?
What is a proposal by offeror to do something provided that the offeree does something in return
What type of acceptance / contract requires that the offeree accept by communicating the request promise?
What is bilateral
What is it called when the person receiving an offer changes the original terms?
What is it called when the agreement must receive both parties receiving something of value?
What is one example of contractual intent for requirements of an offer?
What is jests, anger or terror, preliminary negotiations, or social agreement
What type of acceptance is made when an offeree is performing an obligation?
What is unilateral
Name two other events that can terminate an offer besides revocation, expiration, rejection and a counteroffer.
What is death, insanity, or destruction of specific subject of matter
What is it called when Parties must be able to contract for themselves and understand that they are entering into a legal agreement?
What is capacity
What are the three requirements of an offer?
What is intent, communication, and complete terms
Acceptances must match the offer’s terms exactly and if the terms are changed it is considered a counteroffer rather than an acceptance. What rule is this?
What is mirror image rule