Contracts Flashcards
(3 cards)
1
Q
offer
A
objective manifestation of a willingness by the offeror to enter into an agreement that creates the power of acceptance in the offeree ((1) evince intend to be bound; (2) certain & definite; (3) communicated to offeree)
2
Q
acceptance
A
objective manifestation by the offeree to be bound by the terms of the offer
3
Q
consideration
A
a bargained-for exchange of legal detriment or legal benefit
