Henry sends an e-mail to Bernice regarding the sale of his truck to her for a price "to be determined in good faith." Henry has made a valid offer.

Question

Quizplus · Accepted Answer

This is not a valid offer because it lacks definiteness. An offer should identify (1) the parties involved in the contract, (2) the goods or services that will be the subject matter of the contract, (3) the price the offeror is willing to pay or receive, and (4) the time required for the performance of the contract.

Henry Sends an E-Mail to Bernice Regarding the Sale of His