A contract comes into existence once one person has made an offer and the person to whom it has been made has accepted it (assuming the other requirements for a valid contract are satisfied). This is often summarised by saying that ‘a contract requires an offer and an acceptance’.
The purpose of this article is to explain the key rules relating to the two requirements of offer and acceptance. Relevant cases are cited but, in most instances, not described, the intention being that you should read them yourself in a textbook or website after reading this article.
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