After completing his law degree, Bud starts looking for a job. Bud remains unemployed for several months before the firm of Cheatham and Moore agrees to hire him. Nervously, Bud asks what his salary will be. Cheatham says they will pay him what they think he is worth.
Is this a valid offer? Why or why not?
What if Cheatham says that he will pay Bud the average starting salary paid of new associates at midlevel law firms in their city?
Is this a valid offer? Why or why not?
Provide examples, laws, or other relevant information to support your answer.