Question 1(3 points)

What are the criteria for a valid offer? To receive full credit, your answer must mention three criteria.

Question 2(3 points)

What are different means of communication of an offer?

Question 3(3 points)

What is an invitation to trade?

Question 4(3 points)

What are the two conditions that must be met for an acceptance to be valid?

Question 5(3 points)

Is an acceptance valid if it states terms additional to or different from those offered or agreed upon? Please explain.