Asked by jessica Musgrave on May 01, 2024
Verified
If Maria says to Peter "I bet you a million dollars that it is going to rain tomorrow" and Peter knows that Maria is joking,Maria's statement would not be a valid offer due to the lack of:
A) definite and certain terms
B) adequate communication to the offeree
C) contractual intent
D) contractual capacity
E) legal representation
Contractual Intent
The clear intention of the parties to a contract to create a legally binding agreement.
Definite
Clearly stated or decided; not vague or doubtful, often referring to terms or conditions that are explicitly specified.
Adequate Communication
Effective exchange of information, ensuring all involved parties fully understand terms, expectations, or instructions.
- Define and exemplify contractual intent and its necessity for valid offer formation.
Verified Answer
SS
Simanjot shahiMay 07, 2024
Final Answer :
C
Explanation :
The first element of the offer is intent.The offeror must manifest an intent to be bound by the offeree's acceptance.If an individual is clearly joking,a reasonable person would not think that the individual seriously intended to make an offer,and the courts would consequently not treat the words as an offer.If Maria says to Peter "I bet you a million dollars that it is going to rain tomorrow" and Peter knows that Maria is joking,it would not be a valid offer based upon lack contractual intent.
Learning Objectives
- Define and exemplify contractual intent and its necessity for valid offer formation.