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What is Contract Formation Essentials Explained about?

Chapter 2 discusses contract formation through promise and the objective theory of obligation. A promise is a manifestation of intent that justifies reliance. Consideration and promissory estoppel can make a promise enforceable. Chapter 3 explains that an offer invites acceptance and creates a power of acceptance. An offer can be terminated by revocation, rejection, counteroffer, death or incapacity, or lapse of time. Reliance on an offer can create an option contract. A meeting of the minds is required f

Author

Devin

Language

EN