Chapter9slides

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Unformatted text preview: Click to edit Master subtitle style Chapter 9 Agreement and Consideration Agreement  Offer + Acceptance  Offer issues 3 sub requirements Offer reqs. Met? Offer still open? Has it terminated? expiration  Acceptance Two sub requirements Acceptance reqs. Met? Written document with both signatures Offer-3 basic reqs.  Objective intent Based don all circumstances, what would an ordinary, reasonable person think Does offeror intend to be bound? Not if Jest Anger Exploratory questions Offer-3 basic reqs.  Terms reasonably definite or certain Cannot be too vague OK if some details missing Ethical outcomes Examples for a good price Ill do some painting for you fair price à too vague kelly Blue Book � fine Offer-3 basic reqs.  Communicated to offeree Not effective until offeree receives Reward not due if finder did not know of reward Only the specific offeree(s) can accept...
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Chapter9slides - Click to edit Master subtitle style...

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