Asked by Maria Clara Mejia on Jul 11, 2024
Verified
Ashley says to Ford,"I'd like to buy your house," and Ford responds,"You've got a deal." This exchange lacks ________.
A) partners
B) communication
C) object
D) specificity
Specificity
The extent to which something is precisely defined or focused, often used in contexts such as goals, targets, or aspects within research or discussions.
House
A building for human habitation, typically consisting of multiple rooms and intended to be used as a residence.
- Understand the criteria for a legitimate offer, encompassing current intent, specificity, and dissemination.
- Recognize the role of specificity and clarity in the formation and enforceability of contracts.
Verified Answer
WS
Weston ShufordJul 13, 2024
Final Answer :
D
Explanation :
A proposal that fails to state specifically what the offeror is willing to do and what he asks in return for his performance lacks specificity and is unlikely to be considered an offer.The issue with exchange is that it lacks specificity and will likely not be able to meet an offer's definiteness requirement.
Learning Objectives
- Understand the criteria for a legitimate offer, encompassing current intent, specificity, and dissemination.
- Recognize the role of specificity and clarity in the formation and enforceability of contracts.
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