What is an Offer in Contract Law? - Definition & Explanation
What is an Offer in Contract Law?
The correct answer is B、 A proposal made with the intent to enter into a legally binding agreement.
Here's why:
- An offer is the first step in forming a contract. It's an expression of willingness to enter into a contract on specific terms. * Intent is crucial. The offeror (person making the offer) must demonstrate a clear intention to be legally bound by their promise if the offeree (person accepting the offer) accepts it.* Clarity is key. The terms of the offer must be specific and definite, leaving no room for ambiguity.
Let's look at the other options:
- A、 A conditional promise: While some offers may contain conditions, a conditional promise itself doesn't constitute an offer unless it meets the other requirements.* C、 A statement of acceptance: This is the offeree's response to an offer, not the offer itself. * D、 An invitation to negotiate: This expresses a willingness to discuss potential contract terms but isn't a concrete offer.
In summary, an offer in contract law is a clear, unambiguous proposal made with the intent to create a legally binding agreement upon acceptance.
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