Intro to offer + acceptance Flashcards
1
Q
What are the 3 elements for a binding contract?
A
1) Offer + acceptance
2) Intention to create legal relations
3) Consideration
2
Q
What is an offer + acceptance?
A
A meeting of the minds
3
Q
How is it assessed?
A
objectively - by considering what the reasonable person would say was the intention of the parties having regard to all the circumstances
