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A contract is a legally binding agreement between two or more parties. An agreement is formed when there is an offer, and an acceptance of that offer. For the agreement to be legally binding there must be consideration and intention
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Contract 1 LW1027 Assessment, Semester 1 2005-2006 Section A 1. A contract is a legally binding agreement between two or more parties. An agreement is formed when there is an offer, and an acceptance of that offer. For the agreement to be legally binding there must be consideration and intention. When looking at the case of Betty v Anne it is important to establish if a contract has ever been created. To create a contract you first need to have an offer. An offer is commonly described as a statement of terms by which the offeror is willing to be legally bound. An offer can be made to anyone from one person to the world at large as stated in the case of Carlill v The Carbolic Smoke Ball Co [1983] 1 GB 2561. In this case The Carbolic Smoke Ball Co placed an advertisement in a newspaper. The advert stated that upon purchaseing one...
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