Contracts short sheet-1

Contracts short sheet-1 - Offer Manifestation of present...

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Offer · Manifestation of present contractual intent an offer not negotiation · Objective 3rd party would see offer · Definite as to material terms to be enforced · Communicated to offeree · Intent to be bound §24 · Clear with quanity—anti formation · “For immediate acceptance” = usually offer · Mutual Assent § 20 · (Lucy/Zehmer, LaserageCorp/LaserageLabs) · Objective · (Owen/Tunison, Harvey/Facey, Fairmount/Wood, Elsinor/Kastorff) · Generally NOT advertisements ( Craft/Johnston, BUT Lefkowitz/Great Minn) · Requirement of Definiteness 2-204 ok if some left open (Toys/Burlington) §33 must be reasonable, don’t leave terms open, maybe no K (Pyeatte/Pyeatte) Acceptance · Same people accept · Acceptance must be unequivocal · If bilateral = giving of counter promise · If unilateral = doing the act with knowledge of offer and intent to accept · Notice to of’or of accet. IS NOT required EXCEPT Notice required Of’or has no means knowing perform rendered · Same manner only to person offered
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This note was uploaded on 04/13/2008 for the course LAW 101 taught by Professor Crespi during the Fall '08 term at SMU.

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Contracts short sheet-1 - Offer Manifestation of present...

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