BLAW ch.12 (formation of a contract)
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Last updated 7:09 PM on 2/7/26
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5 Terms
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What are the three requirements of a valid offer?
(1) Serious intent, (2) Definite and material terms (3) Communication to the offeree
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What is “serious intent”?
The offeror must show an objective intent to be bound.
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What are “material terms”?
Essential terms such as subject matter, price, quantity, and parties
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Why must terms be definite?
Courts cannot enforce vague or unclear terms
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What is binding
Legal, final, must follow (enforceable)
Note 
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