Business Law – 4/24/09

Bellwork: If you shovel someone’s snow and then expect compensation are the obligated to pay? Explain

Objectives:

  • Discuss the requirements for an effective acceptance
  • Determine at what point in time an acceptance is effective


Classwork:

  • Terms & Questions
  • Pg 119 1-5 & 6-8 Q&A


1. mirror image rule   
2. bilateral contracts    
3. unilateral contracts 

4. When does acceptance occur and under what terms is it enforceable?
5. What are some of the ways acceptances can be communicated?
6. What are the requirements of an effective acceptance?
7. At what point in time is an acceptance effective?


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