The scenario describes the principle of offer and acceptance. According to this principle, a contract becomes valid and enforceable when one party makes an offer (in this case, Julio sending the contract) and the other party accepts that offer (the supply chain manager receiving and executing the contract). Until acceptance occurs, the contract is not valid.
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)
○ Legal capacity
○ Exchange of value
○ Legal purpose
○ Offer and acceptance
1 answer
1 answer