A contract is formed by the performance of the requested act in what kind(s) of contract?

If an offeree rejects an offer and then attempts to accept that same offer, the offer is now construed as a new offer that the original offeror is free to accept or reject.

Seasonal Selections, Inc. sends a copy of its catalog to William along with a personalized computer-generated letter inviting him to purchase any two items in the catalog at the advertised price. Has Seasonal Selections made an offer?

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Which of the following is true regarding contract validity?

Generally, an offeror can specify the manner in which he/she wants his/her offer to be accepted.

Jess says to a friend, “I’ll sell you my 2-year-old Toyota Camry for $4,000.” The friend says, “I’ll take it,” and they sign a short agreement to that effect. The friend didn’t know this, but Jess intended the offer as a joke. There will be a contract if:

A contract remains executory as long as any party to the contract has not fully performed.

The person who makes an offer to enter into a contract is the “offeree.”

Which of the following is not needed in order to have a valid contract?