Contract +
- Offer and acceptance
- Intention to create legal relations
- Consideration
- Promissory estoppel
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Contractual agreement - offer and acceptance
Contractual agreement has traditionally been analysed in terms of offer and acceptance. One party, the offeror, makes an offer which once accepted by another party, the offeree, creates a binding contract. Key concepts that you need to familiarise yourself with in relation to offer and acceptance include the distinction between an offer and an invitation to treat - you need to be able to identify specific examples of where an offer or an invitation to treat exists. Also it is important to know the difference between bilateral and unilateral contracts. The case of Carlill v Carbolic Smoke ball co. is the leading case in both these areas so it worth concentrating your efforts in obtaining a good understanding of this case.
Offer
In order to amount to an offer it must be shown that the offeror had the intention to be bound:
