________ Is a Manifestation of Assent by the Offeree to the Terms

question 43

Multiple Choice

________ is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offer as measured by the objective theory of contracts.

• A)Acceptance
• B)Revocation
• C)Proposal
• D)Counteroffer

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Definitions:

Accord And Satisfaction

A legal contract whereby a dispute is settled by the parties involved agreeing on payment that is different from the original obligation.

Material Breach

A significant violation of a contractual agreement which grants the aggrieved party the right to sue for damages or terminate the contract.

Material Breach

A significant violation of a contract that harms the interests of the other party involved, justifying the termination of the agreement.

Concurrent Conditions

In law, these are conditions that must occur or be performed at the same time by the parties to a contract.