What elements must an offer include to be valid

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Reference no: EM133852840

Questions:

1. What is an offer?

2. What elements must an offer include to be valid?

3. Are advertisements offers? Why or why not?

4. Distinguish between an offer and a solicitation.

5. Define acceptance.

6. How can an acceptance be communicated to the offeror?

7. Define the mailbox rule.

8. What is the mirror image rule?

9. What are the ways to terminate an offer by the action of the parties? By operation of law?

10. What is an option contract?

Reference no: EM133852840

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