Principle

CONTRACT LAW — Offer and Acceptance — Rejection of Offer Precludes Formation of Contract

Area of law: CONTRACT LAW
Court: Supreme Court

Negotiations that have not crystallized into a binding contract cannot support a claim for breach. Rejection of an offer terminates it. The principle applies to contract law. The rule requires a concluded agreement before breach can be alleged. Mere negotiations, counter-offers, or discussions do not…

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