What distinguishes counteroffer from an inquiry

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Question

1. How do the courts determine whether the parties to an agreement intended to create a legal relationship?

2. When does an offer lapse?

3. How may an acceptance be communicated? When does silence constitute acceptance?

4. What distinguishes a counteroffer from an inquiry?

5. How may an offer be revoked, and when is such revocation effective?

6. "The courts are not concerned with the adequacy of consideration." What does this mean? Give an exception to this statement.

7. Under what conditions will a court enforce a gratuitous promise?

8. Explain the differences among past, present, and future consideration.

9. What conditions must be present for the courts to enforce a claim of quantum meruit ?

Reference no: EM133479571

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