Validity of Contract

1. Great job! This is an offer. Lilly is offering $10 in exchange for watering plants. Great job! This is an offer. The seller is offering to sell the item to a buyer for the price specified on the tag. Validity of Contract Can you recognize an offer? Great job! This is not an offer. There is no explicit amount offered and no clear intent to sell. The speaker is just “wondering.” Great job! This is not an offer. The seller has not determined a price for his shoes and is merely “hoping” for a buyer. Click on the “Yes” or “No” box to indicate if the statement is an offer. Deal: Required Element: Offer 2. Lilly said she’d pay $10 a week to anyone who would water her plants. Ooops Try again. 1. Price tag on an item in a store YES NO 1. Price tag on an item in a store Great job! This is an offer. The parties include you and me. The subject matter is back-scratching, price is one for one. YES NO 2. Lilly said she’d pay $10 a week to anyone who would water her plants. 4. I was hoping someone would offer to buy my old golf shoes. 3. I was wondering what I could get for my grandmother’s wedding gown. 3. I was wondering what I could get for my grandmother’s wedding gown. YES NO YES NO 4. I was hoping someone would offer to buy my old golf shoes. YES 5. You scratch my back, and I’ll scratch yours. NO 5. You scratch my back, and I’ll scratch yours. Required Elements for Valid Contract Offer Acceptance Consideration Capacity Legality