Asked by Dheandra Armyra on Apr 26, 2024
Verified
An offer must express reasonably definite terms to be effective-no term may be reasonably inferred.
Reasonably Definite Terms
A requirement in contract law that the terms of a contract must be clear enough for both parties to be able to understand their obligations and enforce the agreement.
Inferred Term
A concept or term not directly stated but understood from the context.
- Acknowledge the crucial components that make an offer effective.
Verified Answer
RP
Radhi PandyaApr 27, 2024
Final Answer :
False
Explanation :
An offer must express reasonably definite terms to be effective, but some terms can be reasonably inferred or implied based on the context, industry standards, or prior dealings between the parties.
Learning Objectives
- Acknowledge the crucial components that make an offer effective.