This exercise deals with offer, an essential element of the bargaining process. There are basically three requirements to establish an offer: (1) intent; (2) definiteness; and (3) communication to the offeree.
On completion of the lesson, the student will be able to:
1. Define "offer."
2. Analyze the words used and the surrounding circumstances to determine whether a person has intended to make an offer.
3. Explain how a court may supply terms to make an offer more definite.
4. Determine whether an offer was communicated to the party who purports to accept it.