Why must the offer be communicated to the offeree

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Reference no: EM131820723

1. In the context of an offer, how are intent and its seriousness determined?

2. Why must a contract have "reasonably definite terms" and how "definite" must the terms be?

3. Why must the offer be communicated to the offeree?

4. How do parties terminate an offer?

5. What situations limit an offeror's right to revoke?

6. Who may accept an offer?

7. What is unequivocal acceptance?

8. a .In what contractual situations must acceptance be communicated?

b. In situations requiring the communication of acceptance, when and how must acceptance be communicated?

9. What is consideration?

10. What are the elements of consideration?

11. What is "adequacy of consideration"?

12. a. What is a pre-existing duty ?

b. Can a preexisting duty satisfy the requirements of consideration? Why or Why Not?

c. What are some of the exceptions to the preexisting duty rule?

13. What is the Statute of Frauds? How is the S.O.F. used in contract law, provide an example.

Reference no: EM131820723

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