business law Collin College -Business law semester 1 with complete solutions

business law Collin College -Business law semester 1 with complete solutionssix elements of a contract (all must exist to be valid) - correct answer tance ne agreement deration ity ity counteroffer - correct answer An offeree's response to an offer in which the offeree rejects the original offer and at the same time makes a new offer. mirror image rule - correct answer means that the terms stated in the acceptance must exactly mirror or match the terms of the offer invitation to negotiate - correct answer an invitation to deal, trade, or make an offer. void - correct answer declare invalid valid - correct answer still legally acceptable voidable - correct answer capable of being rescinded or voided revocation - correct answer In contract law, the withdrawal of an offer by an offeror. Unless an offer is irrevocable, it can be revoked at any time prior to acceptance without liability. difference between oral and written agreements - correct answer ...