BMGT 380 Lecture 19: Chapter 10

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 380
• Professor: Gideon Mark

Document Summary

Uni lateral: olny one party makes the promise. The person who makes the offer is the offerrer. The person who the offer is made is the offere. Objective indication of present intent to enter into a contract on part of the offerer. Intent- did the offerer actually made an offer. Doesnt care what the offerer actually intended. Only care what a reasonable person would think about the offer. The court is very reluctant to fill out missing terms. Communication of the offer to the offere. Is an agent for the offerer then it does count. Being run by mcdonald on behalf on allince company. At the beginning of the meeting, he says if you put your business card and i get it you get a million dollars. You will get a dollar a year for a million years. They argue there was no contract- it was a joke. We the court we do not care you mcdoanld secretly intended.