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Offer and Acceptance Page - New Jersey
Offer and Acceptance Page is a legal document that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey.
FAQ
Q: What is offer and acceptance?A: Offer and acceptance is a legal principle that governs the formation of contracts. It refers to one party making an offer and the other party accepting that offer, creating a binding agreement.
Q: How do I make a valid offer?A: To make a valid offer, you need to express your intention to be bound by the terms of the offer, and the terms must be sufficiently definite.
Q: Can an offer be revoked?A: Yes, an offer can be revoked by the person who made the offer as long as it hasn't been accepted yet. However, once an offer has been accepted, it cannot be revoked.
Q: What is acceptance?A: Acceptance is the agreement by the offeree to the terms of the offer. It must be unconditional and communicated to the offeror.
Q: Can acceptance be in the form of silence?A: In general, acceptance cannot be in the form of silence. There needs to be some form of communication indicating the offeree's agreement to the offer.
Q: What happens if I reject an offer?A: If you reject an offer, the offer is terminated and no contract is formed.
Q: Is a contract formed if there is a mistake in the offer or acceptance?A: If there is a material mistake in the offer or acceptance, it may prevent the formation of a contract. However, minor mistakes or discrepancies may not invalidate the contract.
Q: Can an offer and acceptance be made verbally?A: Yes, offers and acceptances can be made verbally. However, it is generally recommended to have written contracts for clarity and evidence.
Q: What happens if the terms of the acceptance are different from the offer?A: If the terms of the acceptance are different from the offer, it is considered a counteroffer, which terminates the original offer. The counteroffer then becomes a new offer, which the original offeror can accept or reject.
Q: Are there any exceptions to the rule of offer and acceptance?A: There are some exceptions to the rule of offer and acceptance, such as contracts for the sale of goods governed by the Uniform Commercial Code, which have their own rules.
Form Details:
- Released on January 22, 2020;
- The latest edition currently provided by the New Jersey Department of the Treasury;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below{class="scroll_to"} or browse more documents and templates provided by the New Jersey Department of the Treasury.
