Business Law - Offer & Acceptance

The terms of a contract must be accepted by the party to whom it was communicated.

• True

• False

An agreement to commit a crime could be considered a legal contract.

• True

• False

An arrangement between two friends to attend a concert is not a contract.

• True

• False

An offeror must appear to be serious when making an offer.

• True

• False

Words spoken in anger are not considered an offer.

• True

• False

Preliminary negotiations are considered to be offers.

• True

• False

An offer that lacks essential information is legally ineffective.

• True

• False

Advertisements are usually considered legal offers.

• True

• False

A person who is not the intended offeree can accept the offer.

• True

• False

Advertisements that ask the offeree to perform an act as a way of accepting an offer cannot be considered offers.

• True

• False