Contracts Part 1

For Midterms

Offer rule (1)

A communication objectively showing offeror’s willingness to commit

Offer rule (2)

Reasonably certain terms

Offer rule (3)

Justify the offeree in understanding their assent will immediately create a K

Offer rule 1 explanation

NOT discussing an interest or a potential to enter a bargain, must be PROMISSORY language (Offers are COMMITMENTS)

Offer rule 2 explanation

Identify a breach and remedy thereto

Offer rule 3 explanation

There should be NOTHING else for the offeree to do except accept. There should be NOTHING else for the offeror to do but perform their end of the bargain. Also, Material terms are important enough to define the proposed exchange (quantity, price, and timeframe for performance)

Offer rule (4)

Terms provided are specific enough to identify a breach and remedy thereto

Counteroffer (COUTNER) Rule

Same as offer (1-4)

Lefkowitz (Stole case)

Case for Ads, Reasonably Certain Terms, and Method Rule

Dickinson (

Case for Not Option Ks, Revocability, and Behavior