What is an offer? What are the three conditions necessary for the creation of an offer?
What will be an ideal response?
An offer is the manifestation of a willingness to enter into a contract if the other person agrees to the terms. The basic thing the courts require for the creation of an offer is a present intent to contract on the part of the offeror. The two main things a court looks for in answering this question are how definite the supposed offer is and whether the offeror has communicated it to the offeree.
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The two forms of future interests in rights of possession are reversion and ________.
A. return B. remainder C. escrow D. replevin
An accountant has no liability to parties other than the client
a. True b. False Indicate whether the statement is true or false
Which of the following statements about the wholesale and agency models for selling books is not true?
A. In the wholesale model, the retailer decides at what price to sell a book to the consumer. B. Amazon surprised traditional publishers by selling e-books for below their wholesale cost. C. Amazon supports the agency model. D. A result of the agency model was that Amazon's prices on e-books rose.
Tim and Steve are roughhousing in the front yard of Tim's parents' house when Steve intentionally pushes Tim into the neighbor's property. Which of the following statements is correct?
a. Steve is a trespasser. b. Tim and Steve are both trespassers. c. Neither Tim nor Steve is a trespasser. d. Tim is a trespasser.