A(n) ____ is the manifestation of a willingness to enter into a contract if the other person agrees to the terms. invitation to negotiate offer acceptance invitation to offer
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Step 1: An offer is the manifestation of a willingness to enter into a contract if the other person agrees to the terms. Show more…
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A contract is made between two parties. The terms of the contract are complete and unambiguous. A dispute arises between the parties. Party A wants to pull out of the contract without penalty. Party B argues that Party A's proposed action is prohibited by the express terms of the contract. Party A argues that the parties verbally agreed to ignore that provision of the contract that would impose a penalty on Party A. Which party will prevail and why?
James K.
If an offeree dispatches both an acceptance and a rejection to an offer: a. The acceptance is effective as soon as it is dispatched, and a contract is created. b. The rejection is effective as soon as it is dispatched, and no contract can be created. c. Neither the acceptance nor the rejection is effective, and another response must be issued. d. Whichever response reaches the offeror first will determine whether a contract is created.
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An offer to purchase becomes a binding contract when the A) seller mails the signed offer to the buyer’s agent after making a price adjustment B) seller signed the buyer’s offer and the listing agent communicated it to the buyer’s agent C) listing agent emailed the buyer’s agent that the seller agrees to the buyer’s offer as written D) listing agent tells the buyer’s agent that the seller agrees to all but once term on the buyer’s offer
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