Which of the following is an example of a valid 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!

A valid offer is a clear proposal made by one party to another indicating a willingness to enter into a contract on certain terms. For an offer to be considered valid, it must be communicated to the offeree in a way that demonstrates the offeror's intent to be bound by its terms upon acceptance.

In the case of the advertisement for a used car with specifics, the details provided indicate a definite proposal. It includes particulars such as the price, make, model, and condition of the car, which demonstrates the offeror's intent to sell under those specific terms. This level of detail allows the offeree to understand the deal being proposed, making it a valid offer.

On the contrary, a price list for a product lacks an indication of the offeror's intention to sell at that price without further negotiations or acceptance from the buyer. An invitation to bid on a contract typically indicates that the issuer is seeking proposals rather than making an offer itself, meaning it is more of a request for offers rather than a binding commitment. Similarly, a newspaper ad for a car, unless it contains specific terms similar to option D, is generally viewed as an invitation to make an offer rather than a definitive offer itself, as it may leave room for negotiation and does not

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