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The agreement can be formal, informal, written, oral or just plain understood. Some of the contracts require to being in writing in order to be enforced.
An offer is a proposition put by one person (offeror) to another (offeree) with an indication that they are willing to be bound by its terms should the other person accept. The proposition can be made orally, in writing or by conduct, and made to a specific individual, group or the world at large. To be regarded as an offer it must be clear, precise and capable of acceptance as it stands.
In the problem I have been given Reena has offers from two businesses...
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