Asked by isabella hernandez on Jun 03, 2024
Verified
An offer that can be accepted simply by a promise to perform does not create a binding contract.
Binding Contract
an agreement between two or more parties that is enforceable by law, committing all involved to fulfill their obligations.
Perform
To carry out, execute, or do an action or activity.
- Identify the essential elements required for a valid contract.
Verified Answer
BO
Brianna OrtegaJun 05, 2024
Final Answer :
False
Explanation :
An offer that can be accepted by a promise to perform typically does create a binding contract, as this is the basis of a bilateral contract where both parties exchange promises to perform certain actions.
Learning Objectives
- Identify the essential elements required for a valid contract.