LAW 122 Chapter Notes - Chapter 7: Contract, Posting Rule

• School: Ryerson University
• Department: Law and Business
• Course: LAW 122
• Professor: Alexander Stack

Document Summary

Chapter 7: the nature and creation of contracts. Distinguish between an offer and an invitation to treat: outline the situations in which people generally do or do not have an intention to create legal relations, outline the role of offer and acceptance in the tendering process. Explain how the courts resolve a battle of the forms. Explain five ways by which an offer may cease to exist. Distinguish between bilateral contracts and unilateral contracts, and explain the difference between acceptance by promise and acceptance by performance. Explain whether an offer can ever be accepted by conduct or by silence. Describe the postal rule and explain when it will apply. Contracts: a contract: is an agreement that contains legally enforceable rights and obligations. There are two reasons for that rule: a test of subjective intentions would be difficult to apply because a person could easily lie at trial, the law of contracts aims to protect reasonable expectations.