MANGMT 3540 Chapter Notes - Chapter 8: Option Contract, Uniform Commercial Code, Posting Rule
Document Summary
Believe key to noticing that it is an opinion a: estimate is an expression of opinion and not an offer, statements of intention, what you may do in the future, i plan , preliminary negotiations. Inquiries or general discussions of potential contract terms a: are in interested in c, what do you think of . Would you take : advertisements, only valid if there is very specific terms on the ad that eliminated multiple offers, first come first serve is a valid offer, auctions. Intervening illegality occurs in contract performance becomes illegal between the time of offer and acceptance: destruction of the subject matter of the contract, eliminated by terms of the offer. If an offer is terminated prior to acceptance, then the acceptance is invalid. Valid acceptance: acceptance must be made by the offere, offer has to be made to you to accept it, acceptance must be unconditional, unequivocal and under the same terms as the offer.
