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Essay

essential elements of a contract

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Issue:

Business

 

Written by:

Elizabeth B

 

Date added:

October 5, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 466

 

Was viewed:

890 times

 

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Essay content:

For a contract based on offer and acceptance to be enforced, the terms must be capable of determination in a way that it is clear that the parties assent was given to the same terms. The terms, like the manifestation of assent itself, are determined objectively. A contract will be formed when the parties give objective manifestation of an intent to form the contract...
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Of course, the assent must be given to terms of the agreement. Usually this involves the making by one party of an offer to be bound upon certain terms, and the other parties' acceptance of the offer on the same terms. The essential requirement is that there be evidence that the parties had each from an objective perspective engaged in conduct manifesting their assent, and a contract will be formed when the parties have met such a requirement...
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