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Study sets matching "term:agreement = one party's offer and another party's acceptance of that offer"

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Study sets matching "term:agreement = one party's offer and another party's acceptance of that offer"

13 terms
Bus Law - Offer and Acceptance
contract
offer
test of a reasonable person
revocation
a binding agreement between two or more persons that is enfor…
a personal proposal by one party to another intended to creat…
an objective legal test used by jurors or judges to determine…
In contract law, the withdrawal of an offer by an offeror. Un…
contract
a binding agreement between two or more persons that is enfor…
offer
a personal proposal by one party to another intended to creat…
18 terms
Ch 6 - Offer and Acceptance
Contract
Offeror
Offeree
Consideration
Agreement between two parties that creates an obligation.
Party who makes an offer to form a contract.
Party to whom an offer is made.
What a person demands and generally must receive in order to…
Contract
Agreement between two parties that creates an obligation.
Offeror
Party who makes an offer to form a contract.
20 terms
Offer, Acceptance and Genuineness
Contract
Offeror
Offeree
Consideration
Agreement between two parties that creates an obligation.
Party who makes an offer to form a contract.
Party to whom an offer is made.
What a person demands and generally must receive in order to…
Contract
Agreement between two parties that creates an obligation.
Offeror
Party who makes an offer to form a contract.
24 terms
Offer and Acceptance
Acceptance
Contract
Counteroffer
Firm Offer
occurs when a party to whom an offer was made agrees to the p…
an agreement between two or more parties that create obligati…
offeree's response to an offer which modifies it
contractual proposal in writing by a merchant stating how lon…
Acceptance
occurs when a party to whom an offer was made agrees to the p…
Contract
an agreement between two or more parties that create obligati…
11 terms
Chapter 7 Agreement: Offer and Acceptance
Offer
Acceptance
Offeror
Offeree
promise made by one person to do something if another person…
agreement by offeree to do what offeror requests in offer;
one who makes an offer
one to whom an offer is made
Offer
promise made by one person to do something if another person…
Acceptance
agreement by offeree to do what offeror requests in offer;
21 terms
Offer and Acceptance
Offer
Offeror
Offeree
Serious Intent
A proposal freely made by one party to another indicating a w…
The person who freely makes an offer.
The person to whom the offer is made.
The offeror's words must give the offeree assurance that bind…
Offer
A proposal freely made by one party to another indicating a w…
Offeror
The person who freely makes an offer.
19 terms
Agreement: Offer and Acceptance
What are the three stages for the form…
When will there be an agreement?
What is the significance of the case o…
What is an offer?
- Offer and Acceptance... - Intention to create legal relations…
As per the case of Storer v Manchester City Council, there is…
Establishes a residual subjective element, being that if one…
An offer is a statement of willingness to enter into a contra…
What are the three stages for the form…
- Offer and Acceptance... - Intention to create legal relations…
When will there be an agreement?
As per the case of Storer v Manchester City Council, there is…
26 terms
Agreement, Offer, and Acceptance - Week 2
consensus in idem
muirhead and turnbull v dickson
mathieson gee (ayrshire) v quigley
most contracts can be analysed in term…
formation of a contract occurs when parties reach agreement a…
commercial contracts cannot be arranged by what people think…
confusion between contract for hire and contract for hire plu…
offer and acceptance
consensus in idem
formation of a contract occurs when parties reach agreement a…
muirhead and turnbull v dickson
commercial contracts cannot be arranged by what people think…
17 terms
Business Law-Offer and Acceptance (6)
contracts
offeror
offeree
offer
Agreement between two parties that creates an obligation.
A person who makes an offer.
A person to whom an offer is made.
A proposal by one party to another intended to create a legal…
contracts
Agreement between two parties that creates an obligation.
offeror
A person who makes an offer.
17 terms
Business Law-Offer and Acceptance (6)
contracts
offeror
offeree
offer
Agreement between two parties that creates an obligation.
A person who makes an offer.
A person to whom an offer is made.
A proposal by one party to another intended to create a legal…
contracts
Agreement between two parties that creates an obligation.
offeror
A person who makes an offer.
16 terms
Chapter 8: Offer and Acceptance
offer
offeree
offeror
acceptance
an expression of willingness to do something in exchange for…
the person whom the offer is made to
the person who makes the offer
a clear expression of assent in reply to an offer
offer
an expression of willingness to do something in exchange for…
offeree
the person whom the offer is made to
42 terms
Chapter 2: agreement the offer and acceptance
steps of making a contract
the agreement in general
the objective test
meeting of the minds legality
1) was an offer made?... 2) did the offeree ACCEPT ACCEPT THE OF…
mutual agreement is the core of all contracts. typically the…
or the reasonable person test. would a reasonable third party…
what was said not what they thought they said. subjective and…
steps of making a contract
1) was an offer made?... 2) did the offeree ACCEPT ACCEPT THE OF…
the agreement in general
mutual agreement is the core of all contracts. typically the…
12 terms
Offer and Acceptance
Offeror
Offeree
Mirror Image Rule
Battle of the Forms Rule
Party making an offer
Party receiving an offer
Requires that acceptance must be identical to offer (acceptan…
Negates mirror image rule
Offeror
Party making an offer
Offeree
Party receiving an offer
46 terms
Offer and Acceptance
contracts
offeree
offeror
offer
any agreement enforceable by law
party to whom offer is made
party who makes an offer to form a contract
proposal made by one party (the offeror) to another party (th…
contracts
any agreement enforceable by law
offeree
party to whom offer is made
41 terms
Ch 13 - Formation: Offer and Acceptance
Offer
Requirements of an offer
Ways to terminate offer
contractual intention
expresses willingness of offerer to enter into contractual ag…
1. contractual intention 2. definiteness 3. communication of…
1. revocation of offer by offeror 2. counteroffer by offeree…
intention is determined by objective standard and may be show…
Offer
expresses willingness of offerer to enter into contractual ag…
Requirements of an offer
1. contractual intention 2. definiteness 3. communication of…
58 terms
Business Law - 2.01 Elements of Contracts Terms
Acceptance
Benefits
Bilateral
Capacity
Unqualified willingness by the offeree to go along with the o…
Something that a party was not previously entitled to receive
Contains two promises
Legal ability to enter into a contract
Acceptance
Unqualified willingness by the offeree to go along with the o…
Benefits
Something that a party was not previously entitled to receive
7 terms
Law 101- Chapter 13 Formation of Contracts: Offer and Acceptance
Acceptance
Counteroffer
Divisable Contract
Firm Offer
Unqualified assent to the act or proposal of another
Proposal by an offeree to the offeror that changes the terms…
Agreement consisting of two or more parts, each calling for c…
Offer stated to be held open for a specified amount of time,…
Acceptance
Unqualified assent to the act or proposal of another
Counteroffer
Proposal by an offeree to the offeror that changes the terms…
18 terms
reaching an agreement: offer revocation
agreements in principle
Restatement2-27
Restatment 2-26
empro v ballpoint:
agreements in principle are preliminary agreement prior to co…
Manifestations of assent will not be precluded if parties cho…
- A manifestation of willingness to enter into a bargain is n…
they wrote an agreemtn to reach an agreement for sale, then p…
agreements in principle
agreements in principle are preliminary agreement prior to co…
Restatement2-27
Manifestations of assent will not be precluded if parties cho…
28 terms
Offer, acceptance and mutual assent
Mutual assent
Objective theory of contracts
Mutuality test
Offer
One party wished to exchange a particular item or service for…
judges whether a reasonable person would conclude that a cont…
reasonable person would conclude that the other party intende…
manifestation by the offeror of a willingness to enter into a…
Mutual assent
One party wished to exchange a particular item or service for…
Objective theory of contracts
judges whether a reasonable person would conclude that a cont…
31 terms
Offer and Acceptance
Offer
Henri v Public Trustee
Ramsgate Victoria Hotel (Lapse of time)
Revocation (Routledge v Grant)
The offer of willingness to contract is made with intention,…
An offer must be clear and unequivocal
Defendant offers to buy shares in plaintiffs company at a cer…
Offer cannily be revoked before acceptance.
Offer
The offer of willingness to contract is made with intention,…
Henri v Public Trustee
An offer must be clear and unequivocal
36 terms
B.Law Ch6 offer and acceptance
Offeror
Offeree
Person who makes offer
Person to whom it is made
Offeror
Person who makes offer
Offeree
Person to whom it is made
13 terms
ent and law chapter 4
contract
offer
acceptance
genuine agreement
agreement enforceable by law
proposal by 1 party to another
second party willingness to go along with first parties propo…
means an agreement is true and genuine
contract
agreement enforceable by law
offer
proposal by 1 party to another
30 terms
Chapter 13: Formation of Contracts: Offer and Acceptance
Offer
Intention
Invitation to Negotiate
Agreement to Make a Contract at a Futu…
Expresses the willingness of the offeror to enter into a cont…
Determined by objective standard and may be shown by conduct
Not necessarily an offer
Does not give rise to a contract and no party is under any ob…
Offer
Expresses the willingness of the offeror to enter into a cont…
Intention
Determined by objective standard and may be shown by conduct
63 terms
Contract law- offer and acceptance
Offer
Elements of contract
Clarke v duraven
Thornton v shoe lane parking
Expression of willingness to contract on certain terms made w…
Offer, acceptance, consideration and intention to create lega…
Racing yacht + agreement to be bound by the rules. If there i…
Contract made when he took the ticket. At that point, he coul…
Offer
Expression of willingness to contract on certain terms made w…
Elements of contract
Offer, acceptance, consideration and intention to create lega…
45 terms
OFFER AND ACCEPTANCE
contract
4 ingredients must be present for a co…
2 ways to ascertain agreement
an agreement can be made in 3 ways
an agreement giving rise to obligations which are enforced or…
offer acceptance intention to create legal relations consider…
objective test and subjective test
in writing orally inferred by conduct
contract
an agreement giving rise to obligations which are enforced or…
4 ingredients must be present for a co…
offer acceptance intention to create legal relations consider…
8 terms
Property and Casualty ch2
Contract
Elements of a Valid Contract
Competent Parties
Legal Purpose
Legal agreement between two or more competent parties that pr…
Consideration, offer and acceptance (agreement), competent pa…
Parties must be considered competent under the law (most case…
Contract must be formed for a legal purpose. A contract that…
Contract
Legal agreement between two or more competent parties that pr…
Elements of a Valid Contract
Consideration, offer and acceptance (agreement), competent pa…
29 terms
contracts
agreement
obligation
offer
acceptance of offer
proposal of one party to another
agreement
obligation
32 terms
Law 1071: Formation I: Offer and Acceptance and Intention to Create Legal Relations
Offer
Offeror
Offeree
Invitation to treat
The expression of willingness to contract on certain terms wi…
The party making the offer
The party to whom an offer is made
An invitation to a party to make an offer which is usually no…
Offer
The expression of willingness to contract on certain terms wi…
Offeror
The party making the offer
45 terms
Chapter 8 - Offer, Acceptance, and Mutual Assent
_________ is when both parties know wh…
Mutual assent
Offer
Offeror
Mutual assent
Both parties know what the terms are, and both have willingly…
A proposal freely made by one party to another indicating a w…
The person who makes the offer
_________ is when both parties know wh…
Mutual assent
Mutual assent
Both parties know what the terms are, and both have willingly…
36 terms
Business Law (Legal Environment) Ch 3 Terms
contract
bilateral contract
unilateral contract
implied-in-law contract
an agreement or exchange of promises that is legally enforcea…
a contract in which both parties make promises to each other
a contract in which one party makes a promise and the other p…
a contract implied by a court of law. it is the same as a qua…
contract
an agreement or exchange of promises that is legally enforcea…
bilateral contract
a contract in which both parties make promises to each other
24 terms
A6 negotiating the offer and acceptance
The offer
Who can prepare an offer
A real estate agent can prepare an off…
And offer must
Must be in writing should include purchase price amount of ea…
A buyer for himself or an attorney
There is not a separate fee charged and the offer is being pr…
Be in writing, be definite in certain, express a willingness…
The offer
Must be in writing should include purchase price amount of ea…
Who can prepare an offer
A buyer for himself or an attorney
36 terms
Topic 2: Mutual Assent (Agreement; Offer & Acceptance)
What is an offer?
What is an acceptance?
What is an agreement?
What is a "power"?
The manifestation of willingness to enter into a bargain, so…
Manifestation of assent to the terms thereof made by the offe…
a manifestation of mutual assent on the part of two or more p…
the authority of an offeror.
What is an offer?
The manifestation of willingness to enter into a bargain, so…
What is an acceptance?
Manifestation of assent to the terms thereof made by the offe…
67 terms
Acceptance/Offer
True
False
True
True
Terms of a contract must be accepted by the party to whom it…
An agreement to commit a crime can be considered a contract
A bilateral contract is one that is formed by a mutual exchan…
An offeror must appear to be serious when making an offer
True
Terms of a contract must be accepted by the party to whom it…
False
An agreement to commit a crime can be considered a contract
41 terms
Formation of Contracts: Offer & Acceptance ((ch.13))
offer
contractual intention
Invitation to negotiate
Agreement to make a contract at a futu…
expresses the willingness of the offeror to enter into a cont…
-intention is determined by objective standard & may be shown…
is not necessary an offer
does not give rise to a contract & no party is under any obli…
offer
expresses the willingness of the offeror to enter into a cont…
contractual intention
-intention is determined by objective standard & may be shown…
Offer and Acceptance
What is an agreement?
Bilateral contract
Unilateral Contract
What is an offer?
An offer containing a promise matched by an acceptance. Needs…
-Exchange of promises legally binding
Promise in return for an act. Person performing the act does…
Expression of willing contract on certain terms contractual i…
What is an agreement?
An offer containing a promise matched by an acceptance. Needs…
Bilateral contract
-Exchange of promises legally binding
67 terms
Acceptance/Offer
True
False
True
True
Terms of a contract must be accepted by the party to whom it…
An agreement to commit a crime can be considered a contract
A bilateral contract is one that is formed by a mutual exchan…
An offeror must appear to be serious when making an offer
True
Terms of a contract must be accepted by the party to whom it…
False
An agreement to commit a crime can be considered a contract
36 terms
Chapter 13 - Formation of Contracts: Offer and Acceptance
An _____ expresses the willingness of…
Intention is determined by objective s…
T or F... Invitation to Negotiate is not…
T or F... Agreement to Make a Contract at…
Offer
Contractual Intention
True
True
An _____ expresses the willingness of…
Offer
Intention is determined by objective s…
Contractual Intention
20 terms
Lecture 3: Agreement (Offer)
RTS Flexible Systems
Offer
Invitation to treat
Harvey v Facey
Automated packaging system ... Letter of intent ... Draft contract…
unconditional, complete and intention to create relations
one party is requesting information to another or offering te…
Invitation to treat... Requesting price information about the ba…
RTS Flexible Systems
Automated packaging system ... Letter of intent ... Draft contract…
Offer
unconditional, complete and intention to create relations
48 terms
Ch 8 Offer, Acceptance and Mutual Assent, MBA 603
Acceptance
Active Fraud
Auction
Auction with Reserve
offeree agrees to be bound by the terms set up by the offeror
when one party actually makes a false statement intended to d…
a sale that is open to the public, during which potential buy…
the seller is the offeror and the bidder is the offeree
Acceptance
offeree agrees to be bound by the terms set up by the offeror
Active Fraud
when one party actually makes a false statement intended to d…
48 terms
Contract - Offer and Acceptance
What did Treitel define a contract as?
What was the objective test for the ex…
What did Treitel define an offer as?
What happened in Gibson v Manchester C…
An agreement giving rise to obligations which are enforceable…
1) Whatever a man's real intention may be... 2) His conduct mean…
An expression of willingness to contract on specified terms w…
Gibson wanted to buy his house from the council and they said…
What did Treitel define a contract as?
An agreement giving rise to obligations which are enforceable…
What was the objective test for the ex…
1) Whatever a man's real intention may be... 2) His conduct mean…
43 terms
L S CHAPTER 12
Agreement
Offer
Serious Intent
Contract Situations without Serious In…
- parties must agree on the terms of the contract
- promise or commitment to do or refrain from doing some spec…
- only determined by what a reasonable person in the offeree'…
1. expressions of opinion... 2. statements of future intent... 3. p…
Agreement
- parties must agree on the terms of the contract
Offer
- promise or commitment to do or refrain from doing some spec…
45 terms
Objective 2.01 - Elements & Characteristics of a Contract
Acceptance
Benefits
Bilateral
Capacity
Unqualified willingness by the offeree to go along with the o…
Something that a party was not previously entitled to receive.
Contains two promises.
Legal ability to enter into a contract.
Acceptance
Unqualified willingness by the offeree to go along with the o…
Benefits
Something that a party was not previously entitled to receive.
You and the law 2
Offer
Acceptance
Genuine agreement
Consideration
Proposal by one party to another party to enter into a contra…
Unqualified willingness to go along with an offer acceptance…
A friend acceptance go together to create genuine agreement o…
Exchange of benefits and detriments by the parties to an agre…
Offer
Proposal by one party to another party to enter into a contra…
Acceptance
Unqualified willingness to go along with an offer acceptance…
17 terms
Contract Key Terms
Contract
Offer
Offerer
Offeree
Any agreement enforceable by law.
A proposal by one party to another intended to create a legal…
The person who makes an offer.
A person to whom an offer is made.
Contract
Any agreement enforceable by law.
Offer
A proposal by one party to another intended to create a legal…
13 terms
Chapter 4 business law
Contract
Offer
Acceptance
Genuine agreement
Any agreement enforceable by law
A proposal by one party to another intended to create a legal…
The second party's unqualified willingness to go along with t…
An agreement is true and genuine: a valid offer is met by a v…
Contract
Any agreement enforceable by law
Offer
A proposal by one party to another intended to create a legal…
19 terms
BL What is a Contract?
contract
offer
acceptance
genuine agreement
an agreement enforceable by law
a proposal by one party to another intended to create a legal…
the second party's unqualified willingness to go along with t…
an agreement that is true and genuine; a valid offer is met b…
contract
an agreement enforceable by law
offer
a proposal by one party to another intended to create a legal…
58 terms
BA 18 ch 10 and 11 vocab
bona fide
Charitable subscriptions
Clear and conspicuous
Click-on agreements or licenses
real
this refers to when a person says that they are going to give…
refers to something being noticeably deceiving
soothing that you click on to agree to the terms and conditions
bona fide
real
Charitable subscriptions
this refers to when a person says that they are going to give…
45 terms
Objective 2.02 - Terminating, Transferring & Breaching
Acceptance
Benefits
Bilateral
Capacity
Unqualified willingness by the offeree to go along with the o…
Something that a party was not previously entitled to receive.
Contains two promises.
Legal ability to enter into a contract.
Acceptance
Unqualified willingness by the offeree to go along with the o…
Benefits
Something that a party was not previously entitled to receive.
12 terms
2.01 Vocabulary
Offer
Offeree
Offeror
Option
Proposal by one party to another with intent to crate a legal…
Offer made to this person
Makes the offer
The offeree gives the offeror something of value in return fo…
Offer
Proposal by one party to another with intent to crate a legal…
Offeree
Offer made to this person
13 terms
Chapter 4 Vocabulary Terms
contract
offer
acceptance
genuine agreement
any agreement enforceable by law
a proposal by one party to another intended to create a legal…
the second party's unqualified willingness to go along with t…
an agreement that is true and genuine: a valid offer is met b…
contract
any agreement enforceable by law
offer
a proposal by one party to another intended to create a legal…
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