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Flashcards / ben williams' review test

ben williams' review test

ben williams' review test

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School: Won Institute of Graduate Studies
Term:
Tags: Won Institute of Graduate Studies
Cost: 25
Name: ben williams' review test
Uploaded: 03/21/2016
7 Pages 46 Views 0 Unlocks
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Front
Back

List the four requirements of a contract.

Agreement, Capacity, Consideration, Legality

True or False, Social contracts can be legally enforced.

False

A valid offer must be ________ and _____.

Complete, Clear

Valid offers must also be ____________ to the offeree.

Communicated

Revocation, Rejection, Counteroffer, and Death or Insanity, are all examples of what?

Termination of Offers

What is it when something is given as a promise to keep an offer open?

Option

A signed writing stating the length of the offer.

Firm Offer