UGBA 175 Lecture Notes - Lecture 5: Meeting Of The Minds, Mirror Image
13 Sep 2016
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Fax not included in the contract because it wasn"t invented back then need to think about future possibilities, and either be specific with the methods or exclude certain things. Issue: may a party use a delivery method serving the same purpose as the methods stated in the contract (the wording) Offeror is in charge of the offer can use whatever terms so long as it is not illegal. Contract because there is mutual assent and consideration c. i. 2. c. i. 3. Buying time in exchange for something of value. Signed writing, max 3 months time period, only merchant can make a firm offer (merchant if you regularly engage in selling something or have knowledge about it) c. ii. 2. No consideration given (so no contract) but still binding (7) lapse of time: specify the time, if nor, reasonable timeframe (depending on the subject matter) Under common law: mirror image rule: terms must be the same.
