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Len's new secretary came in and asked him to sign four letters that she said concerned general office matters.One of the "letters" was,in fact,a cheque for $500,payable to the secretary.The secretary cashed the cheque at her bank,and when her bank presented the cheque for payment,Len refused to pay it.He said he had been tricked and it was all a mistake.On these facts,which of the following is true?
Effective Offer
A proposal made in such terms that upon acceptance, a legally enforceable contract is formed.
Communicated
The process of conveying information or expressing ideas and feelings through speech, writing, or other mediums.
Offeree
An individual or entity that receives a proposal or invitation to enter into an agreement.
Price
The amount of money expected, required, or given in payment for something.
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