Salma Ahmed
English Lit. GCSE Student
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Contract Law
- Words:
- 2283
- Submitted:
- Thu Jan 28 2010
- Mark submitted by Author:
Have a little read: ... Agreement Understanding an Offer An offer may be described as an expression to another of a willingness to be legally bound by the stated terms. Three features that must be present for the offer to be legally effective: 1. Statement by offeror containing stated terms. The statement must contain all the elements of the proposed agreement and be sufficiently certain. 2. Statement made to another person. The offer must be made to another legal entity. 3. Offeror indicates a preparedness to be bound. The offeror must be prepared to be legally bound upon acceptance by the offeree. Offers in Bilateral Contracts A bilateral contract is one which, if accepted, is effective to bind both parties to his or her undertaking. Each party undertakes to the other party to do or refrain from doing something. Offers in Unilateral Contracts If contracts - One party (promisor) agrees to do or refrain from doing something if another party (promisee) does or
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