COMM 304 Lecture Notes - Lecture 1: Meeting Of The Minds, Promissory Note, The Seller
Document Summary
The element of a valid contract: an intention to create a legal relationship, offer: must be definite, acceptance, consideration, capacity to contract and, legality. In an electronic substitute: or take on a special form. Consensus ad idem: agreement as to the subject or object of the contract: agreement. An offer can be withdrawn at any time before it is accepted. Definite offer: i hereby offer to sell you my car for ,000. I can either accept it have a mutual agreement. What would be the best price you would take for your car if you were to sell it: this is not a definite offer because just answering an enquiry. I make an offer to employ you in regina you counteroffer by saying. Saskatoon and i say no, and you agree to work in regina there is no mutual agreement because counteroffer avoids the original offer. In civil law any person under the age of 18 years is an infant.
