The scenario described relates to the principle of Offer and acceptance. In this context, Julio's sending of the contract constitutes an offer, but the contract only becomes valid once the supply chain manager receives and executes it, indicating acceptance of the terms.
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
1 answer
1 answer