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2 results for “Formation: offer, acceptance, consideration and intention” in podcasts.
Podcasts(2)
Contract formation: five traps
Podcast · Contract · FLK1
Common traps in contract formation questions: invitations to treat, counter-offers, the postal rule
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Subscription: Included in paid subscription plans. Not included in course passes unless stated.Contract formation in five minutes
Podcast · Contract · FLK1
First, agreement: an offer and an unqualified acceptance. Remember that a counter-offer destroys the original offer. [0:28] Second, consideration: something of value given in return for the promise. It must … sufficient but need not be adequate. [0:42] Third, intention to create legal relations. Commercial agreements are presumed to be legally binding, and domestic agreements presumed not to be. [0:58] Finally
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