Posted: December 30th, 2021
Compose a 2750 words assignment on the fundamentals of business contract law in the united kingdom. Needs to be plagiarism free! According to the Restatement of Contracts, a bargain is an agreement, whereby two or more persons exchange promises or exchange a promise for performance. The creation of a contract may be said to have three basic essentials – agreement, contractual intention, and consideration. The normal test for determining whether the parties have reached an agreement is to find out whether one of the parties has made an offer that has been accepted by the other, especially true in case of a bipartite contract. Now, an offer can be looked upon as an expression of willingness to contract made with the intention (either express or apparent) that such a contract is to become binding on the person making it a soon as it is accepted by the person to whom it is addressed.
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