How is an offer terminated?
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How is an offer terminated?
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- 1. What are the requirements for an offer? 2. How is an offer terminated? Describe the circumstances in which a counteroffer results.Why is the performance of a pre-existing contractual obligation by the offeree not consideration for an offeror's promise? Give an example.How is an offer accepted? Describe the rules for the manner of acceptance and its communi
- 8. 9. 10. If the offeree adds new conditions to the offer, he is said to have A) Rejected the offer B) Accepted the offer C) Refused the offer bozoqmoo D) Made a counter-offer During the formation of the contract, if the object does not exist then this contract is A) Void with relative nullity B) Valid C) Enforceable D) Void with absolute nullity is an alteration of the truth made with the intention of obtaining unfair advantages for one party, or causing loss to another. A) Lesion B) Violence C) Fraud D) Mistake als TautThe offer can be terminated for all of the following reason except Select one: a. Lapse of time Ob. A revocation of the offer by the offeror c. The fulfillment of a required condition d. A rejection of the offer by the offereeD6) A listing agent shows a buyer a home. The buyer completes an offer, which the listing agent takes to the sellers. The sellers like the offer and sign their acceptance. They then hand the accepted offer to their agent with instructions to deliver the accepted contract back to the buyer. Has a contract been created? a)yes, because the listing agent now has possession of the accepted offer b)yes, because the offer has been delivered to the buyer c)yes, because the offer was accepted d)No, because the sellers’ acceptance has not been communicated to the buyer
- How is an offer terminated? Describe the circumstances in which a counteroffer results.What are the terms used for the parties involved in the offers and negotiations leading up to the final contract? offeree and counteror offeror and recipient offeror and counteror offeror and offereeAn offer was presented but the seller did not accept the offer, instead, he suggested different terms that would be more acceptable. A) This is a rejection of the original offer B)This is a counteroffer on the original offer C)This is a negotiation that keeps the original offer alive D) This kills the original offer, which can no longer be accepted
- 1. Based on the facts given in hypothetical contract scenario drafted in Part 1, identify the following elements: C a Offer b. Acceptance c. Consideration d. Competent Parties e. Intention to create a binding agreement 1. Legality of Purpose43. When does the buyer obtain real right over the fruits of the determinate thing sold in a contract of sale? Group of answer choices From the moment of actual delivery of the fruits of the determinate thing sold From the moment of constructive delivery of the determinate thing sold From the moment of perfection of contract of sale From the moment of full payment of the priceUnder the UCC, a firm offer only applies to
