Question

Contract basic considerations: Offer and Acceptance

a) Through negotiation between parties
b) By default in every contract
c) Automatically granted by the government
d) Only in international contracts

Answer 1

Offer and acceptance are essential components of a contract and can occur through negotiation between parties (a). They are not automatically granted by the government and are applicable to all types of contracts, not just international ones.

Step-by-step explanation:

The basic considerations of offer and acceptance in a contract are:

1. Offer and acceptance are essential components of a contract, and usually occur through negotiation between parties. Both parties must agree to the terms of the contract for it to be valid.
2. While many contracts are negotiated, there are situations where certain terms may be automatically included in a contract by default. For example, employment contracts often have default terms regarding working hours and salary.
3. Contracts are not automatically granted by the government. Instead, they are entered into voluntarily by the parties involved.
4. Offer and acceptance are not limited to international contracts. They are applicable to all types of contracts, whether they are domestic or international.