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In the outpsider case, if cade tells the buyer, pat bennett, he has another offer of $550k, what should pat say?

Sagot :

pat should say I take that offer

What is offer?

The operation of offer and acceptance is a conventional technique in contract law since they are usually recognized as necessary elements for the establishment of a contract. The offer and acceptance formula, which was created in the nineteenth century, indicates a formation moment when the parties are of one mind.

An offer is made when a person shows his readiness to do or refrain from doing something to another person and obtains their approval to do so. The individual who makes the offer is referred to as the "Offerer" or "Promiser," and the person to whom the offer is made is referred to as the "Offeree" or "Promisee."

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