Asked by Zeina Samarneh on May 18, 2024
Verified
________ is the actual or implied receipt and retention of that which is tendered or offered.
A) Consideration
B) Capacity
C) Acceptance
D) Quasi-contract
Acceptance
In contract law, the act of agreeing to an offer, thereby creating a binding contract.
Quasi-contract
An obligation imposed by law in the absence of an agreement to prevent unjust enrichment.
- Comprehend the core principles involved in the formation of contracts, including the roles of offer, acceptance, and consideration.
Verified Answer
CJ
Charlotte JeromeMay 25, 2024
Final Answer :
C
Explanation :
Acceptance is the actual or implied receipt and retention of that which is tendered or offered.
Learning Objectives
- Comprehend the core principles involved in the formation of contracts, including the roles of offer, acceptance, and consideration.
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