Offer and Acceptance

The right to withdraw an offer before it is accepted is

• revocation

• a counteroffer

• termination

• consideration

Generally defined ______________ are agreements between two or more parties that create obligations.

• offers

• contracts

• treaties

• agendas

The person to whom an offer is made is the __________________.

• offer
• contracts
• offeree
• offeror

The person who makes the offer is termed the _____________________.

• offeree
• contracts
• offeror
• offer

A offer may be made to a group, the public, or a _______

• Individual
• Family
• Country
• Inanimate Object

What lack of communication can not be used to constitute an acceptance?

• Silence
• Email
• Verbal
• Telephone

To whom must an acceptance be communicated

• Offeror
• Offeree
• Anyone
• Bystander

What is required to form a legally binding contract?

• Offer, Acceptance, Consideration, Intention, Certainty.

• Duty, Breach, Causation, Damages

• Offer, Acceptance, Collateral, Sufficiency.

• Invitation to treat, Offer, Counter Offer, Acceptance.

What is the definition of an offer?

• An expression of willingness to negotiate.

• A declaration that one party will contract with another.

• Expression of willingness to contract with the party to whom it is addressed, as soon as the latter accepts its terms.

• An invitation for other parties to consider whether they are able to purchase the goods/services.

What is the definition of an invitation to treat?

Select all options that apply!

• An invitation to another party to negotiate.

• An indication of one party's willingness to enter into a contract with the party to whom its addressed as soon as the latter accepts its terms.

• It is not an offer, it falls short of being an offer.

• An invitation to the other party to make an offer.