COMM 393 Lecture Notes - Lecture 4: Bona Fide Purchaser, Contract, Objective Test
Document Summary
S 2 a - offer and acceptance, writing. Contract a promise or set of, that the law will enforce. Offer tentative promise made by one party, the offeror, subject to a condition or containing a request to the other party, the offeree. Once offer is accepted the offer is transformed into a contract and both parties are bound by the terms of the contract. An invitation to do business is not an offer to make a contract. Form of the offer not as important as is the sense understood. Offers can be expressed by conduct without words. An offeree cannot accept an offer until she is aware of it. Crossed offers two offers sent unknowingly to each other, there is no contract until one party replies to the other indicating acceptance. Cannot be required to pay people who do work for us without our knowledge, entitled to an offer which may be accepted or rejected.
