Asked by Michelle McDade on May 14, 2024
Verified
To meet the requirements to form a contract,the parties must have future intent to agree and form a contract.
Future Intent
A legal principle pertaining to the parties' intention, at the time of making a contract, regarding their obligations and performance in the future.
Contract Formation
The process involving the making of an agreement between two or more parties that is legally enforceable, including the proposal and acceptance of specific terms.
- Understand the concept of present intent to contract and its implications for offer validity.
Verified Answer
AR
Asyifah RamadhantiMay 15, 2024
Final Answer :
False
Explanation :
For a proposal to be considered an offer,the offeror must indicate present intent to contract.Present intent means the intent to enter the contract upon acceptance.
Learning Objectives
- Understand the concept of present intent to contract and its implications for offer validity.