Elements of an Offer: Communication, Advertisements, and Definite Terms

Play an AI-generated podcast conversation about this lesson

Which of the following is considered an exception to the rule about advertisements being mere invitations for offers?

If the advertisement is sent to a specific individual

If the advertisement contains price quotations

If the advertisement is in a circular letter format

If the advertisement is clear and explicit (correct)

In a real estate transaction, which of the following is required for an offer involving realty to be valid?

Identification of the offeree

Identification of the deed description

Identification of the subject matter

Identification of the land and price terms (correct)

When selling goods, what is a key requirement for the quantity term in an offer?

The quantity must be subject to negotiation

The quantity must be specified in vague terms

The quantity must be left open for interpretation

The quantity must be specific or capable of being made certain (correct)

What happens if the duration of employment is not specified in an offer related to employment and other services?

The offer creates a contract terminable at the will of either party Signup and view all the answers

Which aspect must a promise generally contain to be enforceable even if it does not spell out every material term?

Some objective standard for the court to use to supply missing terms Signup and view all the answers

What should an offer involving real estate provide in terms of land identification?

'My house in [specific location]' Signup and view all the answers

What must a communication contain to be considered an offer?

A promise, undertaking, or commitment to enter into a contract Signup and view all the answers

Which of the following is not necessary for an offer to be valid?

Method of communication Signup and view all the answers

How do courts consider the circumstances surrounding language used in determining the existence of an offer?

They look at whether the statement was made in jest, anger, or bragging Signup and view all the answers

If an agreement fails to specify the time for performance, what does the law imply?

The act is to be performed within a reasonable time Signup and view all the answers

Which language is generally construed as not constituting an offer?

'I quote' Signup and view all the answers

In the context of vagueness in contract terms, what happens if a material term is too ambiguous?

The contract cannot be enforced Signup and view all the answers

In what context would a statement made in jest still be considered an offer?

If the hearer reasonably understood it as a serious offer Signup and view all the answers

How can vagueness in contract terms be cured?

By part performance Signup and view all the answers

What does technical language like 'I offer' or 'I promise' help show in communication?

That the offer is valid Signup and view all the answers

What happens if an offer allows the offeree to choose between alternative performances?

The offer becomes definite once the offeree communicates her choice Signup and view all the answers

If an offer states that a material term will be agreed upon at a later date, what does this signify?

The offer is too uncertain if the material term is left for future agreement Signup and view all the answers

What is the consequence of including a term that makes a contract too vague to be enforced?

The presumption of including a reasonable term is negated Signup and view all the answers

Elements of an Offer: Communication, Advertisements, and Definite Terms

Choose a study mode

Podcast

Questions and Answers