Ch14

In general, what are the ways an offeree can manifest intent to enter into a contract?

By giving the offeror a return promise (e.g., promise to pay contract value) By performance of the requested actions under the offer and contract

Under what circumstances will an offeror not be able to rescind a unilateral contract offer?

In instances where the offeree has already started to perform under the contract

What are methods by which termination of a contractual offer can occur?

Revocation by the offeror Counteroffer by the offeree 要约人撤销要约 受要约人的还价

A valid offer under common law requires which of the following elements?

You need the intent to be bound by an acceptance. The offer must be properly communicated to the offeree. There must be definite and certain terms.

to create a valid offer under the common law, you need the following: _______.

definite and certain terms intent to be bound by an acceptance communication to the offeree communication to the offeror

The means by which the offeree can communicate a valid acceptance to the offeror may be: _______.

expressly stated in the offer implied from the facts and circumstances surrounding the communication of the offer to the offeree

A counteroffer is made from the ______ to the ______.

offeree; offerer

If it is not clear whether the ______ wants performance or a return promise, the offeree has the option of either performing or making a return promise.

offeror

Which party to a contract can revoke an offer at any time?

offeror

What are some things that could be material terms in a valid contract.

subject matter price quantity quality parties involved

Death of an offeror will have what effect on a contractual offer?

termination of the offer

In an option contract, the offeree gives consideration to the offeror: _______.

to have an offer that cannot be revoked by the offeror for a period of time

As a general rule, a revocation is effective: _______.

when offeree receives the revocation