Asked by Terry Valentine on Jun 16, 2024
Verified
George offered to paint Catherine's barn for $3,000. Catherine said she would accept the offer if George would paint the woodshed, too. At this point, they have made a valid and enforceable contract.
Woodshed
Informally refers to the process of practicing or improving skills in private, often used in a musical context.
Enforceable Contract
A legally binding agreement that can be upheld in court and compels parties to fulfill their contractual obligations.
- Understand the establishment of contracts when there is a shared acknowledgment of the offer.
- Review the characteristics of offer, acceptance, and agreement in a spectrum of contract scenarios.
Verified Answer
KH
kerbres heromaJun 22, 2024
Final Answer :
False
Explanation :
Catherine's response is a counteroffer, not an acceptance of George's original offer, so no contract has been formed at this point.
Learning Objectives
- Understand the establishment of contracts when there is a shared acknowledgment of the offer.
- Review the characteristics of offer, acceptance, and agreement in a spectrum of contract scenarios.
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