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  2. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    These rules might require, for instance, that conflicting terms in the offer and acceptance are "knocked out" and replaced by default language provided in the Code. [31] An acceptance is only contractually valid if the proposal to which response is made is an offer capable of acceptance.

  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

    Power of acceptance is part of the contract formation analysis, and which concerns the validity of acceptance. Such rules and principles can be used for examining objectively those contracts which do not manifest an exchange of articulated offer and acceptance.

  5. Mirror image rule - Wikipedia

    en.wikipedia.org/wiki/Mirror_image_rule

    The English common law established the concepts of consensus ad idem, offer, acceptance and counter-offer. The leading case on counter-offer is Hyde v Wrench [1840]. [ 3 ] The phrase "Mirror-Image Rule" is rarely (if at all) used by English lawyers; but the concept remains valid, as in Gibson v Manchester City Council [1979], [ 4 ] and Butler ...

  6. 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.

  7. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    This is typically reached through an offer and an acceptance which does not vary the offer's terms, which is known as the "mirror image rule". An offer is defined as a promise that is dependent on a certain act, promise, or forbearance given in exchange for the initial promise [ 26 ] An acceptance is simply the assent of the other contracting ...

  8. Agreement in English law - Wikipedia

    en.wikipedia.org/wiki/Agreement_in_English_law

    The Carbolic Smoke Ball offer. 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.

  9. Invitation to treat - Wikipedia

    en.wikipedia.org/wiki/Invitation_to_treat

    The offer is made by the intending buyers in the form of bid. Such an offer (bid), when accepted by the fall of hammer or in some other customary way, will result in a (binding) contract. A contract is a legally binding voluntary agreement formed when one person makes an offer, and the other accepts it.

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