Principle

CONTRACT LAW — Offer and Acceptance — Mutual Assent — Requirement of Meeting of Minds

Area of law
CONTRACT LAW
Court
Supreme Court

A binding contract requires mutual assent (consensus ad idem). The test is objective: what would a reasonable person understand from the parties' words and conduct? An offer is an expression of readiness to contract on specified terms. Acceptance converts the offer into a binding contract.…

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