Asked by Emanuel Holesome on Jun 07, 2024
Verified
An offer is the first step in the contract formation process.
Contract Formation
The process by which parties reach an agreement on the terms of a contract, creating mutual obligations enforceable by law.
- Acquaint yourself with the standards for a valid offer that encompass present intention, concreteness, and the act of communicating.
Verified Answer
TS
Taiki SawadaJun 14, 2024
Final Answer :
True
Explanation :
An offer is the critically important first step in the contract formation process.
Learning Objectives
- Acquaint yourself with the standards for a valid offer that encompass present intention, concreteness, and the act of communicating.
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