Asked by
Shernyee Harry
on Dec 20, 2024Verified
For an offer to be valid:
A) the offeree must have knowledge of the offer.
B) the offeree must have first-hand knowledge of the offer.
C) the offer must be stated or communicated by words.
D) the offer must be made by the offeror.
Valid Offer
A legally binding proposal made by one party to another to form a contract, requiring clear terms, intention, and communication.
Knowledge
The understanding, awareness, or familiarity gained through education or experience.
First-Hand Knowledge
refers to information or knowledge gained through direct experience or observation, as opposed to being told by someone else.
- Determine the essential elements of a legitimate offer.
- Comprehend the significance of effective communication in contract formulation.
- Differentiate between types of knowledge of the offer and their significance.
Verified Answer
IR
Learning Objectives
- Determine the essential elements of a legitimate offer.
- Comprehend the significance of effective communication in contract formulation.
- Differentiate between types of knowledge of the offer and their significance.