Offer Formation in Contract Law Quiz

An offer is made in a contract when one party expresses a willingness to enter into a legally binding agreement with another party under certain terms and conditions.

The key elements of an offer in contract law include intention, definiteness, communication, and the absence of any terminating events.

An offer can be revoked before it is accepted, except in cases where there is an option contract or if the offeree has detrimentally relied on the offer.

<p>The essential elements of an offer in contract law include an intention to be legally bound, definite terms, communication to the offeree, and the offeror's serious intent to enter into a contract.</p> Signup and view all the answers

<p>An offer is a definite proposal made by the offeror, expressing a willingness to enter into a contract on specific terms, while an invitation to treat is an invitation for others to make an offer, such as an advertisement or display of goods.</p> Signup and view all the answers

<p>In general, silence cannot constitute acceptance of an offer in contract law, unless there is a pre-existing duty to speak or the parties have previously agreed that silence will be considered acceptance.</p> Signup and view all the answers

<p>An offer is made in a contract when one party expresses a willingness to enter into a legally binding agreement on specific terms.</p> Signup and view all the answers

<p>The elements required for a valid offer in contract law include an intention to be bound by the offer, definite and certain terms, communication of the offer to the offeree, and the offer must not be vague or indefinite.</p> Signup and view all the answers

<p>No, an invitation to treat is not considered as an offer in contract law. It is an invitation for the other party to make an offer, and it is not binding.</p> Signup and view all the answers