Contract law mindy chen

  • What is the conclusion of the contract?

    Agreement between the parties A contract is concluded if the parties intend to be legally bound, and they reach a sufficient agreement.
    Conclusion of contract with offer and acceptance A contract can be concluded by the acceptance of an offer..

  • Under the reliance theory, an agreement specifies the. performance of a contracting party, but that party does not promise the performance and does not incur. an obligation to provide it.
    Contract is not based on promising but on what will be described as the. “assumption of responsibility”.

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