Business Law – 4/27/09
Bellwork: Provide an example of a bilateral contract
Objectives:
Review Creation of offers, termination of offers, and acceptance
Classwork:
- Chapter 6 Review Sheet
Define:
1. Unilateral contract
2. Bilateral contract
3. Option
4. Capacity to Contract
5. Revocation
6. Offeree
7. Offeror
8. Firm Offer
9. Mirror image rule
Questions & Answers
10. What makes an offer valid?
11. List the requirements of an offer.
12. List ways an unaccepted offer may be terminated.
13. List the requirements of a Contract
14. Provide examples of invitations to negotiate.
15. When is mailed acceptance effective?
16. When is a person not entitled to a reward?
17. How long are firm offers binding?
18. Provide examples of unilateral contracts
19. What terminates an offer?
20. Who long do offers generally remain open?
Leave a Reply