The key principle about contracts described in this scenario is Offer and acceptance. The contract is not considered valid until the supply chain manager receives and executes it, indicating that acceptance of the offer is necessary for the contract to be legally binding.
Julio emailed a contract to his vendor’s supply chain manager. Even though Julio sent the contract, the contract is not valid until the supply chain manager receives and executes the contract. What key principle about contracts does this scenario describe?
(1 point)
Responses
Legal capacity
Legal capacity
Exchange of value
Exchange of value
Legal purpose
Legal purpose
Offer and acceptance
Offer and acceptance
1 answer