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Agreement, =Offer +Acceptance - Coggle Diagram
Agreement
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Acceptance
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Can be accepted orally, written or though actions
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FORMS OF ACCEPTANCE
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Estoppal
Cotract stands of acceptance given but offeror does not take measures to receive acceptance
e.g. no ink in fax
Can't understand
give wrong address
Electronic Communication Act 1999 s14 of Electronic Transmissions
acceptance at receiving of communication
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TO BE LEGALLY BINDING
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if not recorded in deed, must have intended legal relations between parties
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Agree to Negotiate/agree
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Agreement to enter negotiations in future, arguably binding
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CONTRACT TERMS
Certainty
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Uncertain if:
vague/ambiguous terms
illusory-terms at discretion of one party
incomplete
agreement to agree/negotiate
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Machinery:
Where(mechanism) 3rd party chosen to set up term e.g. price
If mechanism fails court can step in
Parties must comply to make machinery work
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