LAW 122 Lecture Notes - Lecture 6: Consumer Protection, Posting Rule, Objective Test
28 Feb 2018
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Form, shape and type of contracts can vary greatly. Remember: normal rule is that there is no requirement that contracts be in writing to. A legally enforceable agreement be enforceable. (some exceptions) Must be a meeting of the minds: shared decision to enter into a legal agreement on. When do the minds meet? specific terms and conditions. And when there is an acceptance of said offer. Offer = willingness to contract on stated terms. Contract comes into existence as soon as an offer is accepted. At that point, both parties become obligated to fulfill the promise in the agreement. Passive acceptance of a service - sit in a barbershop. Contracts created as soon as offer is accepted. Contract does not have to be in writing, unless it falls within one of the special categories (sales of land) Invitation to treat is an indication of willingness to receive an offer (not an offer)
