Law 2101 Study Guide - Quiz Guide: Meeting Of The Minds, Contract, Supreme Court Of The United Kingdom
Document Summary
It is also a juridical act (= acts that have legal consequences because of the fact that these consequences are intended by the person acting. Contract law flows from a variety of sources: the party agreement: consisting of what the parties expressly agreed upon when entering into the contract, official sources: rules that emerge from the official national, european and supranational sources. Informal rules that are made by others than the official institutions, including non-stage organisations and academics. Official contract law at the national level is primarily produced by the legislator and the courts: next to the civil code, many civil law countries have more specific statues in which. A contract only exists if one party (the offeror) has made an offer, and the other party (the offeree) has accepted this offer by way of an acceptance. If both these requirements are not met, but at best an invitation to the other party to enter into negotiations.
