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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’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
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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.
- Fall '08