Offer, Acceptance and Consideration

The offer must express the definite intention on the part of the person or organization mating it (called “the offeror”) to enter into the contract with the person or organization.

An offer must be clear and contain the details of the contract. The offeree may choose to accept or reject the offer but once it is accepted the contract is concluded and the parties are bound by its terms. An offer may be withdrawn or revoked by the offeror at any time as long as it has not yet been accepted by the offeree. Acceptance may be defined as an unconditional assent, communicated by the offeree to the offeror.

In addition to offer and acceptance and contractual intent, consideration is an essential element in the formation of any contract.

Task 1. Ask the questions:

what the offer expresses
what the difference between “the offeror” and “ the offeree” is
what an offer must contain
when the contract is considered to be concluded
if an offer may be withdrawn
what the acceptance is
if the offeree must accept the terms proposed by the offeror unconditionally
when the acceptance will be effective
what you have learnt about consideration

Task 2. Form the nouns:

to offer	to communicate	to choose
to intend	to propose	to promise
to organize	to ignore	to define
to accept	to consider	to agree
to reject	to form	to oblige
to define	to sign

Task3. Form collocations as they occur in the text:

express	be defined
contain	be proposed
accept	to complete
reject	be supported
ignore

III. DISCUSSION.

Share your view with your group mates..

Would you make a written contract with a close friend of yours?
“My word is my bond”. Does it still work?

Family Law.

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General considerations

<== попередня сторінка	\|	наступна сторінка ==>
Definition of a Contract	\|	Law and Family

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