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Essential Elements Of A Contract

A contract is a "promise" or an "agreement" that is enforced or recognized by the law, whether implied or expressed. There must be an agreement, which consists of an agreement, an intention to create legal relations, and consideration.

A contract is said to come into existence when acceptance of an offer has been communicated to the offerer by the offeree. An offer is an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed, the "offeree".

Acceptance is a final and unqualified expression of assent to the terms of an offer. For a contract based on offer and acceptance to be enforced, the terms must be capable of determination in a way that it is clear that the parties assent was given to the same terms. The terms, like the manifestation of assent itself, are determined objectively.

A contract will be formed when the parties give objective manifestation of......


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Approximate Word Count: 500
Approximate Pages: 2 (250 words per double-spaced page)

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