Business Law Today COMPREHENSIVE EDITION TEXT & CASES, 11th Edition Roger LeRoy Miller Copyright © 2017 Cengage Learning. All Rights Reserved. Chapter 11 Agreement Chapter Outline 11-1 Agreement 11-2 E-Contracts 11-3 The Uniform Electronic Transacations Act Learning Objectives 1. What elements are necessary for an effective offer? What are some examples of nonoffers? 2. In what circumstances will an offer be irrevocable? 3. What are the elements that are necessary for an effective acceptance? 4. How do shrink-wrap and click-on agreements differ from other contracts? How have traditional laws been applied to these agreements? 5. What is the Uniform Electronic Transactions Act? What are some of the major provisions of this act? • 11-1 Agreement 11-1a Requirements of the Offer 1. There must be a serious, objective intention by the offeror. 2. The terms of the offer must be reasonably certain, or definite, so that the parties and the court can ascertain the terms of the contract. 3. The offer must be communicated to the offeree. ● Classic Case 11.1 Lucy v. Zehmer (1954) Classic case in contract law because it clearly illustrates the objective theory of contracts with respect to determining whether an offer was intended./n

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