At the end of every blog post, you’ll find a free student activity to download. These activities are designed to help you test your knowledge, apply the law, and build confidence for your exams.
Acceptance Contract Formation: Acceptance Once a valid offer has been made, the next essential step in forming a contract is acceptance. Acceptance is the moment an agreement becomes legally binding, so it is important to understand how, when, and by whom it can be made. What is Acceptance? Acceptance is an unqualified agreement to all the terms of the offer. The offeree must accept exactly what has been offered, without altering or adding anything. If the response changes an
Offer Understanding what counts as an offer is one of the foundations of forming a contract. If there is no valid offer, there cannot be a valid acceptance and therefore no contract. What is an Offer? An offer is a clear statement that someone is willing to make a contract on specific terms, as soon as the other person accepts. The person making the offer is the offeror, and the person receiving it is the offeree. There are two main types of offers. Bilateral offers are made
