A key element of a valid offer is the intent : The offeror must genuinely intend to be legally bound if the offer is accepted.

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BlackTom AI · Accepted Answer

Begin by restating the core claim in the question: A key element of a valid offer is the intent the offeror must genuinely intend to be legally bound if the offer is accepted. 
Option 1: True. This aligns with contract law fundamentals, where a valid offer requires a serious intention to create legal obligations upon acceptance, not merely preliminary negotiations or playful statements.
Option 2: False. This would be incorrect because the presence of genuine intent to be legally bound is a standard requirement for an offer to be enforceable; labeling the statement as false would overlook the essential element of intent in contract formation.
To understand why True is correct, consider that courts assess whether a reasonable person would interpret the offer as intending to create a binding agreement. Statements made in jest, opinions, or preliminary discussions typically do not meet this standard, whereas a clear offer demonstrates intent. 
Why False is not correct: It would imply that offers can lack intent yet still be valid, which contradicts the fundamental notion that an offer must express a willingness to be bound upon acceptance. 
Why True remains the best choice: It accurately captures the legal requirement that the offeror must intend to be legally bound if the other party accepts the offer, distinguishing between serious offers and mere expressions lacking binding intent.

25_4 LAW3000 Business Law

A key element of a valid offer is the intent : The offeror must genuinely intend to be legally bound if the offer is accepted.

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