Discuss what are the circumstances in which an offer is terminated ?
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Discuss what are the circumstances in which an offer is terminated ?
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- What are the terms used for the parties involved in the offers and negotiations leading up to the final contract? offeree and counteror offeror and recipient offeror and counteror offeror and offeree10How do you know when a contract is formed? If there is conflicting language in the buyer’s purchase order and the seller’s confirmation, which language is binding?
- 1) What is a Contract and what are its elements? 2) When is there a VALID OFFER? 3) What is Breach of Contract? 4) Differentiate Void from Voidable Contacts. 5) When is there Undue Influence in a Contract?How can an offer be affected where the terms are not clear?Identify FOUR (4) ways to terminate a contract, esplain it briefly and include examples
- In terms of contract law, what is meant by the phrase "meeting of the minds"? The two parties have met but have yet to agree to the terms and conditions of the contract. One party has a list of their desired terms and conditions and is ready to meet with the other party to discuss them. Both parties to the contract have a general idea of what they want but the specifics still need to be worked out. All the terms and conditions needed for full acceptance of the offer have been agreed upon by the two parties to the contract.What is the legal definition of a contract and what elements are necessary for a contract to be valid and enforceable?Describe the requirements of a valid contract. If a contract is written unclearly, what happens? Please provide examples to illustrate your points.