BLAW 3100 Chapter Notes - Chapter 6: Contract, Post Box, Click Wrap
Document Summary
Contract: a voluntary exchange of promises, creating obligations which, if defaulted on, can be enforced and remedied by the courts. Generally, parties have freedom of contract that can enter into any contract they wish. Verbal agreements are as binding as written agreements. A meeting of the minds of contracting parties. Failure to read a contract is no excuse. An offer may contain a condition or subject to clause. Option: 90 day option period you have bought in which you may or may not accept the offer. Invitations to potential customers to engage in the process of negotiation. Advertisements or sales promotions are not binding offers. Articles displayed for sale are not offers but merely invitations for customers to offer to pay the price of the item. An offer by conduct is capable of being accepted: Taking good to the cash desk n a store. Only the person or group to whom an offer is made can accept it.
