An Offer Does Not Need to Be Communicated to the Offeree

question 66

True/False

An offer does not need to be communicated to the offeree to become effective.

Comprehend the legal concept of performance standards in contracts.

Distinguish between anticipatory repudiation and actual breach of contract.

Grasp the concept of impracticability and impossibility in contract law.

Understand the doctrine of good faith and fair dealing in contractual relationships.

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Definitions:

Unemployed Person

An individual who is capable of working, actively seeking work, but unable to find a job.

U-3 Measure

A specific unemployment rate measure that counts the number of unemployed individuals who are actively seeking employment as a percentage of the labor force.

Official Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, as determined by government statistics.

Spells Of Unemployment

Periods during which an individual is unemployed or out of work but actively seeking employment.