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United States (325,349)
BMGT 380 (92)
Lecture 19

BMGT 380 Lecture 19: Chapter 10

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Department
Business and Management
Course
BMGT 380
Professor
Gideon Mark
Semester
Spring

Description
3 ways to classify contract Bi lateral: Uni lateral: olny one party makes the promise Chapter 10 The person who makes the offer is the offerrer The person who the offer is made is the offere Not all proposals are offers Some are treated as jokes Three requirements to an offer Objective indication of present intent to enter into a contract on part of the offerer Specificity or definite terms Communication of the offer to 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 Two approach Objective Doesnt care what the offerer actually intended Only care what a reasonable person would think about the offer Subjective What did the offerer actually intend Specificity or definite terms Missing terms The court is very reluctant to fill out missing terms They still very rarely do it Price Quanttity Delivery terms Time for payment Communication of the offer to the offere Indirect communication does not count Is an agent for the offerer then it does count Maren Case: Sales meeting open to the public Being run by mcdonald on behalf on allince company Mcdonald is million dollar man
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