Law of Contract: Offer and Acceptance.
But what constitutes a “reasonable” acceptance will vary according to the contract. Some offers may only be accepted by the performance or non-performance of a particular act. Once formed, these types of agreements are called unilateral contracts, and they are discussed more fully later in this essay. Other offers may only be accepted by a return promise of performance from the offeree.
Contractual agreement has traditionally been analysed in terms of offer and acceptance.One party, the offeror, makes an offer which once accepted by another party, the offeree, creates a binding contract.Key concepts that you need to familiarise yourself with in relation to offer and acceptance include the distinction between an offer and an invitation to treat - you need to be able to.
Essay law assignment. contract is an agreement made between two or more parties which are recognised by Law. There have been many scenarios such as the rejection of offer, leaving a voicemail to accept the offer, letter been posted on the same day and also a note through the door stating that offer has been accepted by David.
With reference to the above scenario, critically discuss the importance of instant and electronic communications in contract law and how this may affect the “postal rule”, if at all. Answer: There are generally four elements required to form a contract; offer and acceptance, certainty, an intention to create legal relations and consideration.
Offer and Acceptance is a traditional approach in contract law which is used to determine when an agreement exists between two parties. In order to constitute a contract, there must be an offer by one person to another and an acceptance of that of.
Acceptance is a final and unqualified expression of assent to the terms of an offer (G.H. Treitel, The Law of Contract, 10th edn, p.16). It is no defense to an action based on a contract for the defendant to claim that he never intended to be bound by the agreement if under all the circumstances it is shown at trial that his conduct was such that it communicated to the other party or parties.
Short essay on Acceptance. Article Shared By. ADVERTISEMENTS: A contract is formed when an offer is accepted. Acceptance indicates the willingness of the party to whom the offer has been made to agree to the terms of the offer. When the person to whom the offer is made signifies his assent thereto, the offer is said to be accepted. An offer when accepted becomes a promise. Legal Rules.