31 Dec Set forth the five minimum

1. Question :

How does a valid offer to contract differ from an invitation to make offers or enter into a contract? What are the requirements of the legally sufficient offer?

Question 2. Question :

Describe in detail the process of rule-making for agencies.

Question 3. Question :

The bilateral contract consists of the exchange of mutually binding promises made by each of the parties where BOTH parties become bound immediately upon the exchange of the promises. How does the unilateral contract work and at what point are both parties considered bound by the contract?

Question 4. Question :

In the United States, most business regulation is governed directly by Federal and State Agencies. Why is this the case? Why do agencies exist at all? What types of activities are these agencies involved in and what powers of enforcement do they have generally?

Question 5. Question :

Set forth the five minimum requirements for the legally recognized business contract.

Question 6. Question :

Distinguish the valid contract, void agreement and voidable contract. Next, clarify the demarcation between the express and implied contract. Finally, in what manner does the formal contract differ from the simple contract, and executory contract from the executed contract?

Question 7. Question :

How long do valid offers remain in effect and what are the options to the offeree?