Mutual Assent: Offer & Acceptance
Next Generation Bar Exam · Flashcards
NEXT GENERATION BAR EXAM · FLASHCARDS
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QUESTION
An offeree replies to an offer to sell for $10,000, 'Would you consider $9,000?' What is the effect on the original offer?
QUESTION
Until when may an offeror revoke an ordinary offer?
QUESTION
Under the mailbox rule, when is an acceptance effective?
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ANSWER
When it is dispatched by a reasonable means. The acceptance is effective even if it is delayed or lost, unless the offer provides otherwise.
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