Which of the following statements is true of contracts?
A) The offeror is the party to whom an offer to enter into a contract is made.
B) An offeree is the authority that supervises the signing of a contract.
C) A contract is created when the offer is made and before it is accepted.
D) To have an enforceable contract, there must be mutual assent by the parties.

Question

Quizplus · Accepted Answer

The statement in option D is true. To have an enforceable contract, there must be mutual assent by the parties. Option A is incorrect because the offeror is the party who makes the offer. Option B is incorrect because an offeree is the party who receives an offer to enter into a contract. Option C is incorrect because a contract is created only after the offer is accepted by the offeree.

Which of the Following Statements Is True of Contracts