Business Environment

Contracts are agreement between two parties

• True

• False

The Person making the offer can not revoke the offer

• True

• False

Acceptance must be conditional

• True

• False

Consideration must by law be sufficient

• True

• False

Contract is a legally binding agreement which is enforceable in a court of law

• True

• False

Party making the offer is called

• Offeror

• Offeree

Once an offer has been terminated , it cannot be accepted

• True

• False

An invitation to treat is a kind of offer

• True

• False