COMM 393 Lecture 8: Class 8
Document Summary
When the time limit specified in the offer or counter offer expires. After a reasonable time if no time limit is specified. If revoked (withdrawn) by the offeror before acceptance. Promise to pay to make it binding (money?) Use a seal and offeror"s signature on a contract to make. If a counter offer is made it binding. An inquiry has no effect on the negotiations. Even though it is posed as a question. It has the intention to get the drier. It would be an inquiry because it is vague. Example 3: a bank emailed the mba student an offer of a job with. He then asked if he could accept the original offer but it"s gone: are you willing to negotiate about the vacation? (inquiry) You can still accept before they revoke. If either party dies or becomes insane before acceptance.
