Asked by
Deion Stewart
on Nov 21, 2024
Verified
Reasonably definite terms are one of the elements of an offer.
Reasonably Definite Terms
A principle that a contract must be clear enough in its terms so that the obligations of each party can be understood and enforced.
Offer
A key factor in the agreement element of a contract; consists of the terms and conditions set by one party, the offeror, and presented to another party, the offeree.
Elements
Elements are the basic components or essential parts that make up something, such as the periodic table elements in chemistry or the parts of a legal claim.
- Understand the principles and requirements for forming a valid contract, including offer, acceptance, and consideration.
Verified Answer
FS
Learning Objectives
- Understand the principles and requirements for forming a valid contract, including offer, acceptance, and consideration.