law 531 wk3

50 words minimum each question, due in 4 hours

1.Define agreement, offer, and acceptance.

• 2.Describe the required terms of an offer and describe the terms that can be implied in an offer.
• 3.Describe special forms of offers, including Internet auctions.
• 4.Define counteroffer and describe the effects of a counteroffer.
• 5.Describe how offers are terminated by acts of the parties and by operation of law.