Asked by

Shernyee Harry
on Dec 20, 2024

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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.
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Ikram RassifDec 22, 2024
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