Not All Offers Must Be Communicated to the Offeror for a Valid

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The Answer is As a general rule,when a person makes an offer,the acceptance of the offer must be communicated to the offeror before a contract can arise.This is the general rule where a bilateral contract is concerned.That is a contract where both parties make promises to each other.In a unilateral contract,however,where one party makes a promise to whomever steps forward to accept the contract,the acceptance of the contract does not have to be communicated before a valid contract arises.For instance,if Jack says,"I'll pay $1000 to anyone who finds and returns my cat," all that is required is for Jim to find and return the cat and Jack will be obliged to pay the $1000.Jim does not have to notify Jack that he,Jim,intends to look for the cat.

Not All Offers Must Be Communicated to the Offeror for a Valid

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Not All Offers Must Be Communicated to the Offeror for a Valid

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Correct Answer:
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