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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. Option contract - Wikipedia

    en.wikipedia.org/wiki/Option_contract

    An option contract is a type of contract that protects an offeree from an offeror's ability to revoke their offer to engage in a contract. Under the common law, consideration for the option contract is required as it is still a form of contract, cf. Restatement (Second) of Contracts § 87(1).

  4. Oral contract - Wikipedia

    en.wikipedia.org/wiki/Oral_contract

    Conway, the parties to an otherwise valid oral contract for construction services disagreed as to whether they had entered a single oral contract for work at three sites, or three separate contracts, one for each work site. Without a written agreement, the court had to examine other evidence to attempt to discern the intent of the parties ...

  5. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    As an offer states the offeror's willingness to be bound to the terms proposed therein, [27] a purported acceptance that varies the terms of an offer is not an acceptance but a counteroffer and hence a rejection of the original offer. The principle of offer and acceptance has been codified under the Indian Contract Act, 1872. [28]

  6. 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 ...

  7. 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]

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  9. 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.

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