answersLogoWhite

0


Best Answer

Any legally binding agreement voluntarily entered into by two or more parties that places an obligation on each party to do or not do something for one or more of the other parties and that gives each party the right to demand the performance of whatever is promised to them by the other parties. To be valid, all parties must be legally competent to enter a contract, neither the objective nor any of the obligations or promised performances may be illegal, mutuality of the agreement and of its obligations must exist, and there must be consideration. See also acceptance, offer, privity, tender, breach of contract, and bargain.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you explain 'offer' as used in components of a contract?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a model used to explain the components and properties of a plasma membrane?

the answer for Plato is A :]


What model is used to explain the componets and properties of plasma membrane?

The model used to explain the components and properties of the plasma membrane is called the fluid mosaic.


The is a model used to explain the components and properties of a plasma membrane?

Fluid-mosaic model


What is a lipid and protein model that is used to explain the components and properties of the plasma membrane?

fluid-mosiac modelramon C.Fluid mosaic model


When can an offer to form a unilateral contract be revoked?

If you have a unilateral contract, then you have the right to revoke it. This is fairly basic contract law. For a contract to be binding and irrevocable both parties must understand and sign the contract.


Explain the need for thermal analysis and the need for effective heat dissipation for an electronic circuit?

Thermal analysis are used to prevent the electronics circuit being damaged, such as heat sinks are used to absorb the heat which is created by the components to protect the sensitive components


What contract mobile phones does Verizon offer?

Verizon offers good deals if you start a two year contract with them, you can check their website verizonwireless.com to see which phone you would like, they offer free shipping, or you can go to a local store.


Three features of a valid simple contract?

features of a valid simple are:- 1-legality 2-offer 3-acceptance


What do you mean by 'Financial System. Explain the various components of Financial system?

financial system means a system used to convert savings into productive investment.


What are the most important components that should be included when writing a mission statement?

Mission statements can be very difficult to write. The purpose of a mission statement to explain the values of your company. Important components of a mission statement include who the customer base is, the technology used and the products used in the company.


What is Multimedia Explain different inputoutput devices used in Multimedia Applications Also explain different components of multimedia?

madherchod . bhosdi wala . boorke baal tumko samagh mein nahi AA raha hai ka........


How do you explain the term 'influence'?

the capacity or power of persons or things to be a compelling force on or produce effects on the actions, behavior, opinions, etc., of others: He used family influence to get the contract.