LAWS 3003 Lecture Notes - Lecture 3: Standard Form Contract, Machine Tool, Arbitration Clause
Document Summary
Acceptance: is an expression by the offeree to the offeror, of willingness to be bound at law by the offer. An acceptance can take any form: oral, writing or conduct. With the exception of statute of frauds where things must be in writing. There are certain contracts that are required to be in writing. It has to be an unequivocal yes" to the offer made it must be clear, intention to be legally bound, and must exactly fit the offer. When someone doesn"t agree to the offer, they are rejecting it sometimes there will be three communications: offer, rejection/counter offer, acceptance. When complex contracts are being made this happens often. Rejecting an offer is putting an end to that offer it is no longer in play. Sometimes the offer will stipulate for the form of the acceptance. Livingstone v. evans (p. 52) rejection and counter offer. Evans was selling land and livingstone was the perspective purchaser of that land.
