Which of the following describes a requirement for an effective offer?

Study for the CLEP Business Law Test. Engage with flashcards and multiple choice questions, each question has hints and explanations. Prepare effectively for your exam!

An effective offer in contract law is characterized by its communication to the offeree. For an offer to be valid, it must be clearly conveyed to the individual or party who has the right to accept it. This communication ensures that the offeree understands the terms proposed by the offeror, which is essential for mutual agreement that forms the basis of a contract.

Offers do not necessarily need to include a specific time frame for acceptance, nor do they have to be in writing or signed, unless specified by certain types of contracts due to the Statute of Frauds. While offers can sometimes be conditional, it is not a requirement for an offer to be effective. The core requirement is that the offer must be clearly communicated to the offeree, so they are aware of the intent of the offeror to form a contractual agreement.

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