This week’s topics
Formation of Contract: Offer and Acceptance
- Definition of legally binding agreements
- Distinguishing offers from invitations to treat
- Requirements for valid communication of acceptance
- Rules governing withdrawal and lapse of offers
- Invitations, offers and acceptance - ACCA Corporate and Business Law (LW) (ENG)
- Contract Law - Offer & Acceptance
- Chapter 2 - Offer and Acceptance - Contract Law
What you will be able to do
- 1.1 Define what a contract is.
- 1.2 Outline how to make a legally binding offer and acceptance.
- 1.3 Identify how offer and acceptance may be withdrawn.
- 1.5 Explain the terms invitation to treat and the intention to create legal relations.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: define what a contract is.
Study materials
Videos
- Invitations, offers and acceptance - ACCA Corporate and Business Law (LW) (ENG) · YouTube · OpenTuition · 32 min · for registered students
- Contract Law - Offer & Acceptance · YouTube · The Law Simplified · 17 min · for registered students
- Chapter 2 - Offer and Acceptance - Contract Law · YouTube · SQE1window · 15 min · for registered students
Further resources
- Business Law and the Legal Environment, ch. 9: The Agreement · PDF · Saylor Academy, textbook chapter; pp. 302–331 · for registered students
- Business Law I Essentials 2e, ch. 7: Contract Law · PDF · OpenStax, textbook chapter; pp. 79–86 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
