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What does OFFER AND ACCEPTANCE stand for?
What does OFFER AND ACCEPTANCE mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: OFFER AND ACCEPTANCE.
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What does OFFER AND ACCEPTANCE mean?
- Offer and acceptance
- Offer and acceptance are generally recognised as essential requirements for the formation of a contract, and analysis of their operation is a traditional approach in contract law. The offer and acceptance formula, developed in the 19th century, identifies a moment of formation when the parties are of one mind. This classical approach to contract formation has been modified by developments in the law of estoppel, misleading conduct, misrepresentation, unjust enrichment, and power of acceptance.
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"OFFER AND ACCEPTANCE." Abbreviations.com. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.abbreviations.com/OFFER%20AND%20ACCEPTANCE>.
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