First components of valid contract-offer and acceptance

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Reference no: EM132222457

In this module, you learned about the first components of a valid contract: offer and acceptance. You also read about how long an offer lasts. First, revisit the scenario from the overview of this module. It is provided for you below:

Two friends sit in a coffee shop after dinner, discussing their futures. They both agree that they could make a great team to open up their own coffee shop.

As they were talking, Carmen starts writing their ideas on a napkin. Carmen writes, “If I rent a building for our coffee shop, you [Kari] could quit your job and provide the accounting and business acumen for our venture. Kari grabs the pen and writes, “YES!” on the napkin.

Carmen later calls Kari and says, “I just signed a lease on a building that will be perfect for our coffee shop. You need to quit your job and get our finances in order so we can make this venture a success.” Kari replies, “No way, I just got a raise at my job, I can’t quit!”.

Initial Post

In your initial post, answer the following questions, applying what you have read about when an offer is made, how long an offer lasts, and what constitutes acceptance. Specifically,

Address whether there was a valid offer and acceptance.

What factors did you consider in coming to that conclusion?

Reference no: EM132222457

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