GENB 4350 ch 7

  1. a request for an offer  or an invitation to negotiate that can be accepted or rejected by the person calling for a bid
    request for proposal
  2. an announcement published for the purpose of creating interest  and attracting a response by many people. It is not considered a valid offer because it does not contain sufficient words of commitment to sell
    invitation to trade
  3. a general offer to the public at large
    public offer
  4. a rule that states that an acceptance  sent via the postal system or by courier  is effective when sent
    mailbox rule
  5. a response to an offer in which the terms and conditions of the offer are changed
  6. when an opportunity to form a contract ends  because  the offeree fails to accept an offer within the time specified
    termination by lapse of time
  7. the calling back of an offer by the offeror before the offer has been accepted or rejected
  8. the express or implied refusal by an offeree to accept an offer
Card Set
GENB 4350 ch 7
GENB 4350 ch 7