CHAPTER EIGHT

OFFER AND ACCEPTANCE

OBJECTIVES:

Identify the elements needed for an agreement to take place.

List the three requirements of an offer and ensure that elements are present in all offers.

Identify situations where there is an appearance of an offer, but not actually an offer.

Define acceptance.

Identify the ways when an offer may be terminated.

VOCABULARY:

Communicate

Enforce

Bid

Public Offer

Acceptance

Terminate

Revoke

Destruction

CONTENT:

You have received a job offer from a very reputable company in Kuwait. The offer clearly stated that you must accept the offer within ten days from date thereof and that acceptance must be made via email. You are unsure that the HR will read your email so you go to the business headquarters and drop off your acceptance. The security guard signs for the letter. You go home Happy. Later you learn that the job has been offered to your best friend.

Do you have any claim against the company since they made the offer to you and you accepted within the ten day period? Explain