Asked by Parker Nugent on May 16, 2024
Verified
Arthur offered to sell his house to Mike for $50,000.Even before Mike responded to the offer,Jack learned of the offer and called Arthur to accept the offer.Jack's action represents a(n) ________.
A) offer
B) promise
C) notification
D) acceptance
Acceptance
The act of agreeing to the terms of an offer, forming the basis of a contract.
Offer
A proposal presented by one party to another with the intention of entering into a legally binding agreement.
Notification
The act or process of officially informing someone about something.
- Pinpoint the conditions under which non-communication is deemed acceptance.
Verified Answer
VO
Viviane OduorMay 22, 2024
Final Answer :
A
Explanation :
An attempt to accept an offer by anyone other than the original offeree is treated as an offer because the party attempting to accept is indicating a present intent to contract on the terms of the original offer.
Learning Objectives
- Pinpoint the conditions under which non-communication is deemed acceptance.