K_-_THE_AGREEMENT_-_ACCEPTANCE

K_-_THE_AGREEMENT_-_ACCEPTANCE - THE AGREEMENT: ACCEPTANCE...

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Unformatted text preview: THE AGREEMENT: ACCEPTANCE T. LEIGH ANENSON, J.D., LL.M. Make your bargain before beginning to plow. -- Arab proverb CONTRACT LAW Introduction to Contracts The Agreement: Offer The Agreement: Acceptance Consideration Reality of Consent Capacity to Contract Illegality Writing Rights of Third Parties Performance & Remedies OFFER + ACCEPTANCE AGREEMENT Effect of Acceptance Learning Objectives Definition Basics of Acceptance Intent Same Terms Communication Manifestation of assent to the terms [of the offer] made by the offeree in the manner invited or required by the offer. only offeree may accept offer offeror may specify manner of accepting offer i.e. notify of your acceptance in writing Definition of Acceptance THREE FACTORS 1) INTENT TO ENTER AGREEMENT 2) ON THE SAME TERMS AS OFFER 3) COMMUNICATION TO OFFEROR #1 INTENT SAME INTENT AS OFFER OBJECTIVE (NOT SUBJECTIVE) #2 SAME TERMS...
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This note was uploaded on 02/02/2012 for the course BMGT 380 taught by Professor Mark during the Spring '08 term at Maryland.

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K_-_THE_AGREEMENT_-_ACCEPTANCE - THE AGREEMENT: ACCEPTANCE...

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