BBG 231 Lecture Notes - Lecture 26: Tunxis Community College, South African Contract Law

• School: Tunxis Community College
• Department: Business – General
• Course: BBG 231
• Professor: Dillon

Document Summary

Also, handwriting will prevail over typewritten words and phrases: words prevail over figures where there is a conflict. , ambiguous contract language is construed against the party who prepares the contract. An offer is the initial step in the formation of contract. Restatement of the law of contracts defines an offer as a promise, which is in its terms conditional upon an act, forbearance, or return promises being given in exchange for the promise or its performance. The statement, to be an offer, must be made by the offeror with the intent to enter into a contractual relationship with the offeree. Question: how do we determine whether a statement has been made with the intent to enter into a contractual relationship? . No, because we cannot know what exactly is going on in an individuals mind. Look at all the surrounding circumstances where, when, how.