Asked by Avneet Johal on May 10, 2024
Verified
For an offer to be effective, the offeror must
A) have the intent to be bound by the offer.
B) be over the age of twenty-one.
C) be financially independent.
D) have the intent to be bound by the offer and be financially independent
Intent to be Bound
A party's clear expression or indication through words or actions that they agree to be legally obligated by the terms of a contract or agreement.
- Enumerate the requirements that render an offer legally valid.
Verified Answer
AS
Aliyah ShakoorMay 10, 2024
Final Answer :
A
Explanation :
For an offer to be legally effective, the offeror must have the intent to be bound by the offer, indicating a willingness to enter into a contract upon acceptance. Age and financial independence are not legal requirements for making an effective offer.
Learning Objectives
- Enumerate the requirements that render an offer legally valid.