rules of offer and acceptance

A rule of offer and acceptance is that the offer does not have to be communicated to the other party.

• True

• False

Cancelation has to reach the offeree before the offeree has accepted.

• True

• False

An offer must be communicated to the other party

• True

• False

Offer must be within a specified or reasonable time.

• True

• False

The offer may be made generally or a specific person.

• True

• False

Acceptance must be made by a specific person(s).

• True

• False

Acceptance does not have to be made by a specific person(s).

• True

• False

A type of contract is based on what the parties said... is it a

• Written contract

• Oral contract

contracts that are made by the observed actions of the parties involved are known as

• Written contract

• Implied contracts

Both the offeror and offeree must sign the contract document

• Implied contracts

• Written contracts