Offer and acceptance are elements required for the formation of a legally binding contract.
举一反三
- The word ( ) means "a specific proposal to enter into an agreement with another. An offer is essential to the formation of an enforceable contract. An offer and acceptance of the offer creates the contract.".
- Formation of a contract generally requires an ( ), offer, acceptance and a mutual intent to be bound.
- The terms of the contract define the binding promises of each party to the contract.
- Which of the following item is correct about an acceptance? A: “Acceptance” means an agreeing by conduct to the offer of another. B: Keeping silence can be a good practice to reject offers of another. C: If a subcontract is mentioned in a prime bid (between the GC and the owner), that subcontract is legally binding to the owner.
- According to CISG, a contract can be established when ( ) A: an acceptance becomes effective B: both seller and buyer sign on a written contract C: the contract is approved by authorities D: an offer reaches the offeree E: an acceptance is dispatched