BLAW 3201 Chapter : Chapter 10 Test Bank
Document Summary
On tuesday morning john sends a letter to arlene rejecting her offer, but later the same day john changes his mind and sends a letter of acceptance to arlene. The letter of acceptance will be effective only if it is received by arlene before she receives the rejection. An offer is effective as soon as it is dispatched. An offer must be communicated to the offeree in order for the offer to be effective. An advertisement is usually an offer to sell. A valid offer may be in the form of an act for a promise, which is an offer to enter into an inverted unilateral contract. Contract law generally places more importance on the intent of the parties to form a contract than on the inclusion of certain terms in the contract. The common law "mirror image" rule applies to an offer and the acceptance of that offer in a contract for the sale of goods.
