1. Question :
How does a
valid offer to contract differ from an invitation to make offers or enter into
a contract? What are the requirements of the legally sufficient offer?
Question 2. Question :
Describe in
detail the process of rule-making for agencies.
Question 3. Question :
The bilateral
contract consists of the exchange of mutually binding promises made by each of
the parties where BOTH parties become bound immediately upon the exchange of
the promises. How does the unilateral contract work and at what point are both
parties considered bound by the contract?
Question 4. Question :
In the United
States, most business regulation is governed directly by Federal and State
Agencies. Why is this the case? Why do agencies exist at all? What types of
activities are these agencies involved in and what powers of enforcement do
they have generally?
Question 5. Question :
Set forth the
five minimum requirements for the legally recognized business contract.
Question 6. Question :
Distinguish
the valid contract, void agreement and voidable contract. Next, clarify the
demarcation between the express and implied contract. Finally, in what manner
does the formal contract differ from the simple contract, and executory
contract from the executed contract?
Question 7. Question :
How long do
valid offers remain in effect and what are the options to the offeree?
