Podcast
Questions and Answers
What does an unconditional offer represent?
What does an unconditional offer represent?
- A negotiation tactic
- A rejection of the offeree's claim
- An admission of liability to the whole or part of the offeree’s claim (correct)
- A legal disclaimer
An offer of compromise indicates that the offeror accepts full liability for the claim.
An offer of compromise indicates that the offeror accepts full liability for the claim.
False (B)
Define an unconditional offer.
Define an unconditional offer.
An admission of liability to the whole or part of the offeree’s claim.
An offer made under denial of liability is known as an ________.
An offer made under denial of liability is known as an ________.
Match the following terms with their definitions:
Match the following terms with their definitions:
Flashcards
Unconditional offer
Unconditional offer
An offer made by a party admitting liability for the whole or part of the other party's claim.
Offer of compromise
Offer of compromise
An offer made by a party denying liability but still offering to settle the case.
Study Notes
Unconditional Offer
- An admission of liability, either fully or partially, for the offeree's claim.
Offer of Compromise
- An offer made while denying liability for the claim.
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Description
Explore the concepts of unconditional offers and offers of compromise in contract law. This quiz will assess your understanding of admissions of liability and their implications in legal claims. Test your knowledge and enhance your learning in this essential area of law.
