Formation- Making an Offer Flashcards
1
Q
Big Four Topics of Formation
A
“All Contracts Don’t Stink” - Agreement, Consideration, Defenses to Formation, and SOF
2
Q
Agreement
A
A K is usually created by an agreement. Broken Down to 2 things: Offer & Acceptance.
3
Q
Offer
A
A manifestation of a willingness to enter into an agreement by the offeror that creates a power of acceptance in the offeree.
4
Q
Test for Offer & Acceptance
A
Objective Test
5
Q
Objective Test
A
The outward appearance of words and actions matters—not secret intentions. whether an offeror displays an objectively serious intent to be bound
6
Q
Expressions of Opinions
A
