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The offer and acceptance rule in contractual formations.
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The offer and acceptance rule in contractual formations is where there is a clear and 'unequivocal offer' that is matched by a clear and 'unequivocal acceptance'. Courts and legal advisors use this general rule as it provides some degree of certainty. The rules of offer and acceptance that govern the formation of contracts are correspondence, nexus and communication. All three rules can be applied to new forms of communication as they are much quicker and easier to correspond with than post. However, even though the rules can be applied to quicker forms of communication, problems and confusions inevitably arise depending on the nature of the contract. Therefore in some cases, the rules of offer and acceptance may not be as clear and straightforward as it may first appear to be. One rule of offer and acceptance that determines when a contract is formed is that the offeror has to...
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