What event marks the formation of a contract when an offer is accepted?

Study for the Florida Mutual Recognition Test. Use flashcards and multiple choice questions, each with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

What event marks the formation of a contract when an offer is accepted?

Explanation:
Acceptance completes the bargain. When the offeree agrees to the terms and communicates that agreement to the offeror, the contract is formed. Rejection ends the offer and stops negotiations, while performance happens after formation as the actual execution of the agreed duties, and breach is the failure to perform. So acceptance is the moment the contract comes into existence.

Acceptance completes the bargain. When the offeree agrees to the terms and communicates that agreement to the offeror, the contract is formed. Rejection ends the offer and stops negotiations, while performance happens after formation as the actual execution of the agreed duties, and breach is the failure to perform. So acceptance is the moment the contract comes into existence.

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