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Source of Law(Is there an Enforceable Contract) - Coggle Diagram
Source of Law(Is there an Enforceable Contract)
Common Law
Need Mutual Assent
Offer
Is there subject matter
Was there a price
Is there Intent to be bound
Objective Theory of Assent
Was there quantity
If found then offer is valid
Was the offer through an Ad
Did Ad was clear and definite and left no room for negotiations
Yes, then did AD have intent to be bound, subject matter, price, and quantity
Then AD is Valid Offer
No, then AD was an invitation to make an offer. Is not a valid offer
Was the offer terminated
Rejection or Counter Offer by the offeree
If a counter offer then restart back to start of an offer.
Lapse of Time
Was there revocation by the offeror
Revocation
Did the offeror revoke the offer before offeree accept the offer
Yes, was revocation reasonable in manner and means
2 more items...
No, offeree accepted before offeror revoked.
1 more item...
Death or incapacity of the offeror or offeree
Illegality
Non-Occurrence of any condition of acceptance under the terms of the offer terminates the offeree's power of acceptance
If not then offer is not valid
No enforceable contract