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  2. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    Contract law. Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity). Analysis of their operation is a traditional approach in contract law. This classical approach to contract formation has been modified by developments ...

  3. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    An acceptance is an agreement, by express act or implied from conduct, to the terms of an offer, including the prescribed manner of acceptance, so that an enforceable contract is formed. [ 2 ] In what is known as a battle of the forms , when the process of offer and acceptance is not followed, it is still possible to have an enforceable ...

  4. Power of acceptance - Wikipedia

    en.wikipedia.org/wiki/Power_of_acceptance

    An offeree exercises the power of acceptance in order to trigger the offeror's obligation of performance with reference to the terms of the offer. Disputes may arise as to whether the power of acceptance is valid at the time the acceptance is made, therefore challenging the very existence of the contract. [2]

  5. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    The posting rule (or mailbox rule in the United States, also known as the " postal rule " or " deposited acceptance rule ") is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated. Under the posting rule, that acceptance takes effect when a letter is posted (that is ...

  6. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    In Korea, as in much of the world, the offer must be a specific and detailed expression of the offer. Acceptance of the offer, without modifications or caveats is deemed an acceptance of the contract and, thus, a valid and enforceable contract between the parties. [217]

  7. Lucy v. Zehmer - Wikipedia

    en.wikipedia.org/wiki/Lucy_v._Zehmer

    Lucy v. Zehmer, 196 Va. 493; 84 S.E.2d 516 (1954) was a court case in the Supreme Court of Virginia about the enforceability of a contract based on outward appearance of the agreement. It is commonly taught in first-year contract law classes at American law schools.

  8. Agreement in English law - Wikipedia

    en.wikipedia.org/wiki/Agreement_in_English_law

    In English contract law, an agreement establishes the first stage in the existence of a contract. The three main elements of contractual formation are whether there is (1) offer and acceptance (agreement) (2) consideration (3) an intention to be legally bound. One of the most famous cases on forming a contract is Carlill v Carbolic Smoke Ball ...

  9. Thornton v Shoe Lane Parking Ltd - Wikipedia

    en.wikipedia.org/wiki/Thornton_v_Shoe_Lane...

    Thornton v Shoe Lane Parking Ltd [1970] EWCA Civ 2 is a leading English contract law case. It provides a good example of the rule that a clause cannot be incorporated after a contract has been concluded, without reasonable notice before. Also, it was held that an automatic ticket machine was an offer, rather than an invitation to treat, that ...

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