Asked by Iesha Tyler on Apr 27, 2024
Verified
__________is an offeree's notification to the offeror that the offeree agrees to be bound by the terms of the offer, or proposal to form a contract.
A) Agreement
B) Acceptance
C) Contract
D) Consideration
Acceptance
The act of agreeing to receive or undertake something offered.
Notification
The act of formally informing or giving notice to a party or authority about an event, action, or proceeding.
- Specify the conditions necessary for an offer to achieve legal effectiveness.
Verified Answer
AF
Alexis FloresApr 29, 2024
Final Answer :
B
Explanation :
Acceptance is the correct term for an offeree's notification to the offeror that they agree to be bound by the terms of the offer, which is a key step in forming a contract.
Learning Objectives
- Specify the conditions necessary for an offer to achieve legal effectiveness.