5 Questions
What is an offer/proposal?
When one person signifies to another is willingness to do or abstain from doing anything with a view to obtaining the consent of the other to such an act or abstinence.
Which of the following is NOT an essential or legal rule of a valid offer according to the text?
The offer must be distinguished from an answer to a question.
What is one of the legal rules of a valid offer?
The offer must have its terms and condition definite and clear.
What must an offer be capable of creating?
A legal relationship.
How should an offer be distinguished from an invitation to receive an offer?
An offer must be distinguished by its final willingness to accept an invitation, while an invitation to receive an offer is a request for others to make offers.
Learn about offers, proposals, acceptance, and communication in the context of commerce. Understand the definition of an offer and its significance in obtaining consent. Explore Chapter 3 of the course and test your knowledge with this quiz.
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