Question
Business negotiations usually involve the exchange of offers and counter offers. A contract is only formed when: 1. an offer by one side is accepted
Business negotiations usually involve the exchange of offers and counter offers. A contract is only formed when:
| 1. | an offer by one side is accepted without alteration, modification or condition by the other side | |
| 2. | when both sides exchange offers and/or counter offers. The act of this exchange creates the contract between - the contract to continue negotiating. | |
| 3. | an offer by one side is accepted without alteration, modification or condition by the other side, except with a minor change to one term that is of very little consequence to the whole agreement in the opinion of the side accepting | |
| 4. | an offer by one side is accepted with a counter offer by the other side | |
| 5. | an offer by one side was accepted without alteration, modification or condition by the other side, after the side making the offer sent a revocation |
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Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
538476230, 978-0538476232
