rules for acceptance of contract
Answers
An offer is an open call to anyone wishing to accept the promise of the offeror and generally, is used for products and services. Acceptance occurs when an offeree agrees to be mutually bound to the terms of the contract by giving consideration, or something of value like money, to seal the deal. Keep in mind that acceptance follows the mirror image rule, in that acceptance is valid if the product or service rendered is exactly what was contained in the offer. We will come back to that in a moment.
There are a few more elements that are equally important, but deal with the legalese of contract law, like mutually agreeable terms, meaning the terms of the contract are something both parties are willing and able to fulfill. There is also capacity, which requires that each party to a contract be of sound mind (free of mental illness or intoxication) and be of legal age. And there is also legally acceptable terms. This means the contract cannot have any promises that are unlawful or illegal to perform.