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An Offeree Can Form a Contract by Simply Making a Promise

question 153

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An offeree can form a contract by simply making a promise if the offer to form a contract is:


Definitions:

Wyoming

A state in the western United States known for its wide-open spaces, mountains, and natural beauty, as well as being the least populous state.

Members

Individuals who are part of a group, organization, or body with specific roles, rights, or duties.

S Corporations

A type of corporation in the United States that meets specific Internal Revenue Code requirements and passes income, losses, deductions, and credits through to shareholders for federal tax purposes.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and potential for financial returns based on the company's performance.

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