LAW 142 Lecture 11: LAW 201 W11
Document Summary
What it takes to create or form a contract (necessary elements: offer & acceptance. Technical words for an agreement: intention to create legal relations as oppose to moral or social relations, if intend to go into gentlemen"s agreement, no intention to create legal relationship, consideration. How manifest reasonable person austenstive or manifested intentions tha matter. What display to intent, rather than what actually intend. Courts common law basis boots vs. chemist. Courts england and canada settled on presumption that price with set price is not an offer, it is an invitation to treat. Offer can be revoked at any time up to the point of acceptance. Contract are not top down, not imposed, taken on by yourself, voluntarily assume them because yoyu want them. When make contract, actually engaging in legal power, law is conferring on you a power to bind yourself in law.
