The legally binding agreement that is the essence of a contract is reached though a process of:
A) offer and rejection
B) offer and bargaining
C) offer and acceptance
D) acceptance and offer
E) offer and compliance

Question

Quizplus · Accepted Answer

The legally binding agreement in a contract is reached through offer and acceptance. The offer is made by one party and the other party accepts it, thereby creating a legally binding agreement. Bargaining may take place during the negotiation process, but it is not necessary for the formation of a contract. Offer and rejection would not result in a legally binding agreement. Acceptance and offer are essentially the same as offer and acceptance. Offer and compliance do not necessarily result in a legally binding agreement unless there is an explicit acceptance of the terms of the offer.

The Legally Binding Agreement That Is the Essence of a Contract