True/False
Where an agreement reached through offer and acceptance contains the phrase "this agreement is subject to formal contract," the agreement itself is unenforceable unless and until the formal contract comes into existence.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q12: Thomas gave Jerron his final sales pitch,offering
Q13: An offer without a stated deadline will
Q14: An offer is automatically terminated when it
Q15: Jedco Wholesalers Ltd.and BigGrocer Inc.have agreed that
Q16: What principle of law was established in
Q18: An offer to sell one's house for
Q19: Why is it important for the parties
Q20: What common distinguishing characteristic may be attributed
Q21: Panda Industries agreed to supply 500 tons
Q22: Mariam offered to sell her horse to