If nothing is stated about how long an offer is to remain open, it remains open until it is revoked by the offeror.

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If no mode of acceptance is stated in the offer, then any mode that is reasonable in the circumstances may be used.

Jess says to a friend, “I’ll sell you my 2-year-old Toyota Camry for $4,000.” The friend says, “I’ll take it,” and they sign a short agreement to that effect. The friend didn’t know this, but Jess intended the offer as a joke. There will be a contract if:

A contract is formed by the performance of the requested act in what kind(s) of contract?

Offeror says, “I will sell you my dog for $100. You have a week to decide.” Two days later she tells the offeree, “I’ve changed my mind. I’m keeping the dog.” This last statement is:

If the object of an offer becomes illegal after the offer was made, but before it is accepted, the offer remains valid because it was legal when made.

Offers for both bilateral and unilateral contracts involve a promise by the offeror.

Jean had just received a promotion and substantial raise. Jean felt her raise would give her much more spending money, thus she planned to buy a new sports car. Jean felt she did not need to worry about receiving the best price for her old car, which she thought was worth about $3,000. She sold the car for $500. In fact, the car was worth $5,000, and Jean had not taken into account the additional taxes on her extra income. Jean also decided that for a single mother a sports car would not be very practical. Jean wanted to return the $500 to the purchaser and get her car back. Assuming that Jean will return the $500 to the buyer, Jean can:

Seasonal Selections, Inc. enters into a contract with Arthur’s Tree Farm to purchase all of the balsam fir tree boughs that it will need to make Christmas wreaths for the Christmas season. This contract is: