Answer to Question #233087 in Management for Bob

Question

Identify the three essentials of a job offer or any kind of offers and discuss briefly the requirements associated with each ?

Answer must not be less than 700 words

Answer 1

There are mainly three essential elements of a valid offer: (1) The offer must be Communicated. (2)Terms of the offer must be clear and definite. (3)Must create a legal relationship. The offer must be seriously intended, definite and certain, and communicated to the offeree. Contract law is one of the oldest and most established areas of jurisprudence, yet the elements for a contract are simple. All that is required is an offer, acceptance of the offer and consideration. Within that simple framework, complicated issues can arise. Communicated The person making the offer (the offeror) must communicate his offer to a person who may then choose to accept or reject the offer (the offeree). Often, this is not a serious issue to analyze, as the offeror is free to communicate his offer in any means, whether Committed Whether the offeror is committed requires an analysis of whether the offeror, in his communication of the offer, intended to be bound by the offer. An intent to be bound may arise through course of conduct, such as explicitly stating “That is my final offer.” There may be a question as to whether the alleged offer is an actual offer or merely an invitation to receive offers. Auctions are a common example of invitations to receive offers, rather than a contractual offer in itself.