Textbook Notes (270,000)
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Chapter 7-8

LAW 122 Chapter Notes - Chapter 7-8: Posting Rule


Department
Law and Business
Course Code
LAW 122
Professor
Theresa Miedema
Chapter
7-8

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Class 7 - Contracts
Contract
 
 !"
#$"
1. Intenon to create legal relaons:
%$
&'()$!
*$(!$! 
#
#!$%$!$+
2. Meeng of the Minds,"-$$!
.& 
/0!
A . Oer& ,
& $$+$--$"
12$!
B. Managing Risk: Invitaon to Treat
, 
%!2 
%2! 
#3!44
C. The Oer Sll Exists
& $!
& !
1-!-'-$ -5
1$!!- #!
Revocaon of Oer (=withdraw by oeror)
& 2
67 62
8 ,$$!2
*1$$
#!.9/&!& $$
!2! !!7
!
Lapse of Time: & 
-$
1'&$:$ 
$ & ! $7 ' - 
D. Acceptance: 0! $!!
0!$! 
8!0!!#!;<=>>$$6"
0!!
Types of Acceptance by Promise:
0!$$+5!2"-$!#2"
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