What Happens When an Offeree Accepts the Offer by an Offeror

question 12

Multiple Choice

What happens when an offeree accepts the offer by an offeror?

• A)Each party is legally bound if the other elements of the contract have been satisfied.
• B)There is conditional agreement which is based on the parties' goodwill towards each other.
• C)Full agreement has not been reached.The parties are not legally bound until they sign a written agreement that contains all the relevant terms they have been negotiating.
• D)There is a valid offer in response to an invitation to treat.Agreement has not yet been reached.

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Definitions:

Contests

Competitive events or challenges organized to engage an audience and promote a brand or product, often with prizes for the winners.

Sweepstakes

A type of contest where winners are selected at random from a pool of entries.

Experience Prize

A reward or incentive that offers the recipient a unique or memorable experience rather than a tangible item.

Sweepstakes

A type of contest where prizes are awarded to winners chosen at random.