Question Description
I’m trying to learn for my Business Law class and I’m stuck. Can you help?
Define EACH of the following:
- Offer
- Acceptance
- Consideration
- Forebearance to sue
End of Questions
Explanation & Answer
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Surname 1
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“Business law”
Offer- In simple terms, an offer is the presentation of a proposal to another party for them to
agree or reject it. An excellent example to demonstrate this would be when a house owner or
landlord puts a house on sale for a particular amount, say two hundred and fifty thousand dollars
to attract interested parties. Thus, an offer can be described as the willingness to enter into a
contract under specific terms and conditions expressed to a person or group (Ad...