1. What elements are necessary for a valid contract to exist? Define what constitutes a "valid offer." Evaluate each proposal and discuss whether each of the offers constitutes a valid offer. Why or why not?
2. Each proposal involves a different country. What are the particular concerns for Gloria in doing business in other countries? What contract provisions does she need to include in any business contract in order to protect her business?
3. How can Gloria continue to protect herself and her family from personal liability if she obtains her widgets from a foreign manufacturer? Use your textbook and library references to answer these questions. Evaluate each proposal. Does it constitute an offer?
Under the offer, party is willing to enter into a bargain to do a certain activity or even promises not to take certain action. In the given case scenario, all the three suppliers produced the details like quantity and cost of the order, but only Richard gave the time limit associated with the offer in one of the clauses. Richard
