A . What are the three essentials of an offer? b. How does one distinguish between an offer and an invitation seeking offers?


a . For an offer to be effective, it must be communicated to the offeree, manifest an intent to enter into a contract, and be sufficiently definite and certain.
b. An offer is an indication of willingness to enter into a contract. It is a definite undertaking or proposal made by one person to another indicating a willingness to enter into a contract. Invitations seeking offers are merely indications of willingness to be offered something. If a merchant makes an invitation for offers, such as by an advertisement, there is no contract involved until an offer to the merchant has been made and accepted.

Business

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Answer the following statement true (T) or false (F)

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