MUTUAL ASSENT 1_1

MUTUAL ASSENT 1_1 - MUTUAL ASSENT (1) MUTUAL ASSENT In...

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MUTUAL ASSENT (1)
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MUTUAL ASSENT In enforcing contract, court is enforcing the agreement between the parties Therefore, there must be an agreement or there is nothing to enforce Frequently, agreement occurs by offer and acceptance
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Overview Will look at Requirements for a valid offer Whether offer may still be accepted or has terminated Whether there has been a valid and timely acceptance If there has been a valid offer and a valid and timely acceptance, a contract has been formed
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Offer Proposal or undertaking indicating a willingness to enter into a contract Effect Offeror Offeree
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Requirements of valid offer Communication to offeree Intent to enter into contract Definiteness and certainty If no valid offer, purported “acceptance” cannot create contract
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Communication Must be made Must be authorized May only be accepted by offeree May be made to group of offerees, e.g., reward
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Intent to enter into a contract Objective Standard Advertisements Negotiations
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This note was uploaded on 12/13/2010 for the course LAW 1101 taught by Professor Reed during the Spring '08 term at CUNY Baruch.

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MUTUAL ASSENT 1_1 - MUTUAL ASSENT (1) MUTUAL ASSENT In...

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