Chapter 11 - Contract Agreements

Statementsofintentionorpreliminary

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Unformatted text preview: ally not offers. Expressions of opinion are not offers. Statements of Intention or preliminary negotiations are not offers. Advertisements, Catalogues, Price Lists, and Circulars are treated as invitations to negotiate and not as offers. Offer: Definiteness of Terms Offer: Terms (Expressed or Implied) Identification of the parties Object or subject matter of the contract Consideration to be paid Time of payment, Delivery, or Performance Offer: Communication to the Offeree Offeree Offeree’s knowledge of the offer: Directly by the Offeror Use of Agents Termination of the Offer Termination An offer may be terminated prior to acceptance by either: Action of the Parties, or Operation of Law Termination by Action of the Parties Terminat...
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This note was uploaded on 12/11/2013 for the course BLAW 2361 taught by Professor Bible during the Fall '08 term at Texas State.

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