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Offer and acceptance

Two components of agreement

Nº Q1193004 ★★★

Rare · Knowledge

Offer and acceptance

Two components of agreement

Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity). Analysis of their operation is a traditional approach in contract law.

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From Wikipedia

Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity). Analysis of their operation is a traditional approach in contract law. This classical approach to contract formation has been modified by developments in the law of estoppel, misleading conduct, misrepresentation, unjust enrichment, and power of acceptance.

Text: Wikipédia, CC BY-SA 4.0. ·

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