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An offer can be communicated verbally or in writing, although some transactions (such as real estate) are required to be in writing. Generally, the offer can be accepted in the same manner in which it was offered (e.g., verbally, by fax, by mail).
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True or false Revocation of an offer made to the general public must be communicated in the same manner in which the offer was communicated?
___ 6. Revocation of an offer made to the general public must be communicated in the same manner in which the offer was communicated.
What are 3 elements must be present for an offer to be effective?
1) There must be a serious, objective intention by the offeror. 2) The terms of the offer must be reasonably certain, or definite, so that the parties and the court can ascertain the terms of the contract. 3) The offer must be communicated to the offeree.
When acceptance of offer complete?
Generally an offer is accepted when acceptance is communicated to the offeror. This is covered under the section 8 of the INDIAN CONTRACT ACT.
Is an offer a binding contract?
It is when the letter of offer is responded to by a sufficient and communicated acceptance, and supported by legally-sufficient consideration to form a contract, with no defenses as to its enforcement.
The taking back of an offer by an offer-or?
The taking back of an offer by an offeror is known as revocation. It occurs when the offeror withdraws their offer before it is accepted by the offeree. Revocation is effective once it is communicated to the offeree, either directly or indirectly.
What are the components of an offer?
An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.
How can communicated message became concize?
how can communicated massage become concise
What was different about how the alchemist and the early chemists communicated their knowledge?
The knowledges were often communicated encoded.
In which language did Socrates communicate?
Socrates communicated in Greek.
How will the developed document be communicated for a hotel?
The developed document for a hotel will be communicated in various ways. It can be communicated through a meeting for all employees, through heads of departments or circulation of an internal memo.
How are the rights and responsibilities of cleints communicated in organisations?
The rights and responsibilities of clients can be communicated in organizations by advising people about their rights.
What two rules govern the revocation of contracts?
Two important rules govern revocation: an offer can be revoked any time before it is accepted, and a revocation becomes effective when it it received by or communicated to the offeree.
