Week 1 LAWS2111.docx - Week 1 LAWS2111 3 Parts to...

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Week 1 LAWS2111 3 Parts to satisfying contract: 1. Enforceable (TAUGHT IN THIS SUBJECT) Offer Acceptance - Legal agreement arises where there is offer and acceptance - Offer and acceptance analysis involves considering words and conduct to determine if from which inferences can be drawn about a person’s intentions. - This means that a party will be bound if she or he led the other party reasonably to believe that the former party was agreeing to the latter’s terms - Usually a proposal by one party and acceptance by another - Where it is hard to recognise an offer and acceptance, stand back and look at a global approach, to see if a consensus has been reached before the parties Consideration (usually bargaining) Intention to entire into legal agreement Certainty and completeness of terms- court will not re-write contract but find practical way to solve dispute Formalities (writing and signatures) - The court of equity cannot stop a contract, where a careless mistake has been made by the
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