Professional Documents
Culture Documents
Elements of a Contract
Something of Value
Capacity
Writing (Form)
Agreement
The Offer
Offeror Makes the offer
Offeree Receives the offer
Legal Focus pg 192
Reasonable person
The Offer
offer
2. Must be communicated to the offeree
3. Terms must be reasonably definite
Jests
Statements made in anger or terror
Expressions of Opinion
Statements of intention
Preliminary Negotiations
1.
6.
Social Agreements
An agreement to agree
Auctioneer
Subject Matter
Parties
Price
Time for Performance
mechanic
furs
copiers
Revocation
Rejection
Counteroffer
Termination by Law
Time Stated
Reasonable length
WYV pg 114
Options
Firm Offers
Merchants
In writing
Binding offer for time stated < 3 months
Requirements of Acceptance
Pg 119
Communication of Acceptance
Silence
Tricky, tricky
Exception: prior practice, Old Legal Focus
Bilateral
Words or conduct
Unilateral
Modes of Communication
Modes of Communication