What is a Valid Offer

What is a Valid Offer

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Interactive Video

Business

University

Hard

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The video tutorial explains the concept of offer and acceptance in contract law. It outlines what constitutes a valid offer, emphasizing the need for specificity and definiteness. An example is provided to illustrate a valid offer, highlighting the importance of a specific promise and demand. The tutorial also discusses the objective standard, which evaluates offers from the perspective of a reasonable person in the offeree's position. Additionally, it clarifies why advertisements are generally not considered offers, as they lack specificity regarding who can accept them.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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