offer and acceptance

What is meant by 'meeting of minds' in contract law?

It refers to 'consensus ad idem', indicating that both parties have a mutual understanding and agreement.

What is the difference between an agreement and a contract?

All contracts are agreements, but not all agreements are contracts.

What test do courts apply when determining if a contract is formed?

Courts apply an objective test, focusing on what was said and done outwardly, rather than the actual intent in a person's mind.

Define 'offer' in contract law.

An offer is an expression of willingness to contract on certain terms, intended to be binding upon acceptance.

What was the issue in Guthing v Lynn regarding the offer?

The offer concerning payment for a 'lucky' horse was too vague and thus unenforceable.

What did Lord Denning say regarding contract formation?

A contract is formed when there is, to all outward appearances, a contract.

In the context of offers, what are 'invitations to treat'?

Statements made during negotiations that are not binding offers, but invite others to make offers.