Which of the following statements is true about contracts?
A)The offeror is the party to whom an offer to enter into a contract is made.
B)An offeree is the authority that supervises the signing of a contract.
C)A contract is created when the offer is made and before it is accepted.
D)To have an enforceable contract, there must be mutual assent by the parties.

Question

Quizplus · Accepted Answer

To have a legally enforceable contract, there must be mutual assent by the parties, which means that both parties must agree to the terms of the contract. The offeror is the party who makes an offer to enter into a contract, while the offeree is the party to whom the offer is made. A contract is created when an offer is accepted, not when the offer is made.

Which of the Following Statements Is True About Contracts