Elements of Contract

What is required for a contract to be formed under the UAE Civil Law?

• a. The offeree must physically sign the contract

• b. The offer and acceptance must agree on the fundamental terms

• c. Both parties must provide financial consideration

• d. The offeror must withdraw the offer

⁠In the UAE Civil Law, if an offeree changes any terms of an offer, how is it classified?

• A valid acceptance

• A new offer

• A binding contract

• An implicit agreement

⁠Under the American Legal System, what doctrine prevents a party from going back on a promise if the other party relied on it?

• Mailbox Rule

• Consideration Doctrine

• Promissory Estoppel

• Option Contract

⁠What does the mailbox rule state in the American Legal System?

• Acceptance is effective when received by the offeror

• Acceptance is effective when mailed

• Offers can be revoked after acceptance is mailed

• Acceptance must be verbally communicated

⁠Which of the following is NOT considered a valid contract under the American Legal System due to lack of consideration?

• Employment offer with a signed agreement

• Gift promise without receiving anything in return

• Sale of goods with agreed payment

• Option contract with paid consideration