answersLogoWhite

0

A contract (either written or verbal) has THREE requirements to be valid.

1) An offer

2) An acceptance of the offer

3) A payment, or other thing of value, actually changing hands validating the agreement.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Can I reject a job offer I have already accepted?

If a person has accepted a job, but then decided to not work at the business, you can reject then job offer. It is best to contact the hiring manager and explain why you will be rejecting the offer.


What is the present tense of the word accept?

Accept is the present tense. Past tense would be accepted. ie. "I accept your offer" vs. "I accepted your offer".


Can you change the down payment amount after an offer is accepted?

In most cases, the down payment amount cannot be changed after an offer is accepted. It is typically a fixed amount agreed upon in the initial offer.


If a verbal offer has been extended and accepted can it be revoked?

An offer that has been accepted becomes an agreement between both the parties and hence cannot be revoked unless it is in writing


Sam Houston accepted Mexico's offer of land in Texas and led settlers into the state to begin a new life.?

False. It was Stephen Austin who accepted Mexico's offer of land.


Did Sam Houston accepted Mexico's offer of land in Texas and led settlers into the state to begin a new life?

False. It was Stephen Austin who accepted Mexico's offer of land.


What is offer in contract?

An offer in its shortest form is basically an invitation to contract.


How is drake young money?

He was invited in to the group and he accepted the offer


What is the difference between an invitation to treat and an offer in the context of contract law?

In contract law, an invitation to treat is an invitation for someone to make an offer, while an offer is a specific proposal that, if accepted, forms a legally binding contract. An invitation to treat is not binding, but an offer can be accepted to create a contract.


What does it mean when the offeror agree to keep an offer open?

It means the offer hasn't expired yet and can still be accepted.


An offer to form a unilateral contract is accepted by a promise to perform?

Yes


Can promissory note be used as escrow deposit?

You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.

Trending Questions
Is there a good samaritan law in the Philippines? Is it possible for me to have car insurance with two different companies simultaneously? Does a US trademark apply internationally or do you have to register it in every country in which you do business? Can a 13 year old drive a ATV in Wyoming? What is the document requiring attendance in court called? Why does a person get denied a passport? What are the 5 rights that are given by law to people when they Mary? What are some examples of the united states government maintaining order and peace within our country? How many days does it take to freeze an account after the bank is served? Protection from prosecution for an illegal act? Can you drive out of state on a learners permit for the state of Iowa? What does the US tax court do? How far can children move in nys if father has visitation rights? What legally binds you as being a resident in a property home? Do you believe that the law is too restrictive or not restrictive enough? Can a girl get in trouble by putting another guy's name on the birth certificate who is not the real dad and proceed with adoption? Is there any universal answer for civil code? What are the differences between a case being dismissed with prejudice and dismissed without prejudice? WhiThe idea that Congress has the power to declare war but the President is Commander in Chief is an example of which conceptch concept allows each branch of the government to control the power of the? You are owed money from old roommate can you put a lien on the trailer that she owns that is still on your property?