Question

The first requirement for an effective offer is serious, objective intent on the part of the offeror. Intent is not determined by the subjective intentions, beliefs, or assumptions of the offeror. Rather, it is determined by what a reasonable person in the offeree's position would conclude that the offeror's words and actions meant. Offers made in obvious anger, jest, or undue excitement do not meet the requirement of serious, objective intent. Because these offers are not effective, an offeree's acceptance does not create an agreement.

Answer 1

Yes, that is correct. In order for an offer to be considered valid, it must be made with serious and objective intent. This means that the offeror must have a genuine intention to enter into a legally binding agreement with the offeree. The intent is determined by the words and actions of the offeror and how a reasonable person in the offeree's position would interpret them. If an offer is made in jest, anger or undue excitement, it will not be considered a valid offer as there is no serious intent behind it. Therefore, acceptance of such an offer would not create a legally binding agreement.