If an Offer Is Indefinite or Vague or If an Essential

question 22

True/False

If an offer is indefinite or vague or if an essential provision is lacking, no contract arises from an attempt to accept it.

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Definitions:

Merchant Wholesalers

Independently owned firms that take title to the merchandise they handle.

Take Title

The act of taking legal ownership of a particular piece of property or goods.

Merchant Wholesaler

An entity involved in buying goods in bulk from producers and selling them, usually in smaller quantities, to retailers or other businesses, but not to end consumers.

Full-Service

A type of service that provides comprehensive coverage of needs or requirements in a particular area, offering a wide range of services or features.