Agreement

What are the three essential elements required under common law for an offer to be effective?

In the case of Lucy v. Zehmer, why did the court find that a valid contract for the sale of the Ferguson Farm for $50,000 had been formed, despite Zehmer's claim that he was joking?

What is the general rule regarding advertisements, such as those in mail-order catalogues, price lists, and circulars, in the context of contract law?

Which of the following is NOT one of the ways an offer can be terminated by action of the parties?

What is the 'mirror image rule' as it applies to an acceptance?

Under the mailbox rule, if an offeror mails a revocation on April 1st which arrives on April 3rd, and the offeree mails an acceptance on April 2nd, is a contract formed?

What is an option contract?

If an offer does not specify a time for acceptance, how is the duration of the offer determined?

In the case of Baer v. Chase, involving the creator of 'The Sopranos', why did the court rule that no enforceable contract existed for Baer's services?

Which of the following events would NOT terminate an offer by operation of law?

O'Malley tells Parker, 'If you carry this package across the Brooklyn Bridge, I'll give you twenty dollars.' How can Parker accept this offer?

What is the legal effect of a counteroffer?

Under what circumstances does an offeree's silence constitute an acceptance?

If Shaylee & Perkins faxes an offer to Leaham's Antiques and the offer does not specify a mode of acceptance, which method of acceptance would be considered authorized?

What is the legal doctrine that prevents an offeror from revoking an offer when the offeree has justifiably relied on it to his or her detriment?

What are the four terms generally required for a contract to be considered definite enough for a court to enforce?

Which statement best describes an auction 'with reserve'?

If an offeree sends a rejection first, and then sends an acceptance, which communication will determine if a contract is formed?

What is the legal standing of 'agreements to agree' under modern contract law?

In the case Trell v. American Association for the Advancement of Science, why did the court decide that the Science NOW advertisement for 'news tips' was not an offer?