Offer
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The most important feature of a contract is that one party makes an offer for a bargain that another accepts. This can be called a 'concurrence of wills' or a 'meeting of the minds' of two or more parties. There must be evidence that the parties had each from an objective perspective engaged in conduct manifesting their assent, and a contract will be formed when the parties have met such a requirement. An objective perspective means that it is only necessary that somebody gives the impression of offering or accepting contractual terms in the eyes of a reasonable person, not that they actually did want to contract.
Read more about this topic: Agreement In English Law
Famous quotes containing the word offer:
“The earth only has so much bounty to offer and inventing ever larger and more notional prices for that bounty does not change its real value.”
—Ben Elton (b. 1959)
“If anyone strikes you on the cheek, offer the other also; and from anyone who takes away your coat do not withhold even your shirt.”
—Bible: New Testament, Luke 6:29.
“Either offer me something I really like, or stop trying to tempt me.”
—Mason Cooley (b. 1927)