Legally Enforceable Agreement between Two or More Legally Distinct Parties

An agreement not supported by consideration on both sides is nudum pactum (‘a naked agreement’) and unenforceable.

An agreement means a consensus on at least those essential terms needed for a workable transaction. The process of reaching an agreement is generally analysed as involving an offer and acceptance. Where the offer is a clear indication of the terms upon which a person is prepared to be bound, and an acceptance is assenting to, agreeing, or

Deb buys a song through eSongs, an online music vendor. Before completing the purchase and downloading the song, Deb must review a provision stating that she will not make and sell copies of the song and is required to click “I agree.” This provision is

An acceptance of an offer is “ a manifestation of assent to the terms thereof made by the offeree in a manner invited or required by the offer.

if this is done, Wessel can not create a contract by accepting the revoked offer, Gregory. so as long as the contract do not express that how many time or how long Gregory offer Wessel monologue, he still have right to revocation the offer.

Acceptance-This basically means that the terms of the offer have been clearly understood and agreed to through consent and assent and at no time will the terms be changed.

Acceptance. This basically means that the terms of the offer have been clearly understood and agreed to through consent

This is a clear expression of a party accepting agreement to the terms of the offer.

‘Acceptance is a definite and unqualified assent to an offer, on all of its terms. Any acceptance given conditionally will not result in a legally binding agreement.’

No. An ad can be treated as an offer under certain circumstances for instance in the Lefkowitz v. Great Minneapolis Surplus Store, Inc. case. The store published a newspaper ad stating: that on Saturday 9 AM Sharp, three brand new fur coats, worth up to $1,000.00, first Come First Served $1 each. A customer named Morris Lefkowitz arrived at the store ready to pay. However, he was informed that under the defendant's house rules, the offer was open to women but not men. The court ruled for the plaintiff because he satisfied the terms of the advertisement. Therefore, the advertisement was explicit and left nothing open

The offer and acceptance model is flawed- only an agreement is necessary. In order to fully comprehend this statement, we must first establish what constitutes and offer and what constitutes acceptance. “An offer is a statement by one party of willingness to enter into a contract on stated terms, provided that these terms are, in turn, accepted by the party to whom the offer is addressed”. Acceptance is “…an unqualified expression of ascent to the terms proposed by the offeror”. The “Offer and acceptance model” is based on the court’s adopt the “mirror image” rule of contractual formation. Applying the definitions stated above, we can take this to mean that there must be a clear and unequivocal offer which must be matched by an equally

Not all advertisers do such a great job at taking their point across in an ad. Sometimes there are those ads that you can stare at endlessly, trying to figure out what it is trying to persuade you of buying, but you never understand

Offer is the promise made by the offeror. Generally, advertisement is the invitation to treat. Invitation to treat is different to the offer, so the advertisement is not an offer. (Partridge v Crittenden［1968］ 1 WLR 1204)

However in English law in the case of unilateral contract, it is not possible to revoke the offer once the offeree has started to perform the act, Errington v Errington & Woods (1952) . The principle from Errington v Errington & Woods was also acknowledged by the Court of Appeal obiter in the following

Acceptance is a definite and unqualified assent to an offer, on all of its terms. Any acceptance given conditionally will not result in a legally binding agreement.