What is a Valid Offer

The video tutorial explains the concept of offer and acceptance in contract law. It outlines what constitutes a valid offer, emphasizing the need for specificity and definiteness. An example is provided to illustrate a valid offer, highlighting the importance of a specific promise and demand. The tutorial also discusses the objective standard, which evaluates offers from the perspective of a reasonable person in the offeree's position. Additionally, it clarifies why advertisements are generally not considered offers, as they lack specificity regarding who can accept them.

What does it mean for an offer to be specific and definite?

In what scenario might a vendor not accept an offer made by a customer?