Acceptance in Contract Law
Brinkibon Ltd v Stahag Stahl und Stahlwarenhandelsgessellschaft mbH. In essence this means that if it would. Acceptance Is A Vital Part Of The Contract Process It Is The Unconditional Agreement To The Precise Terms And Con Offer And Acceptance Acceptance Contract Law Offer and acceptance is a fundamental rule in contract law stating that for a contract to be legally formed and binding there must be an offer and then an acceptance. . 1 Unless otherwise unambiguously indicated by the language or circumstances a an offer to make a contract shall be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances. Australian courts take the view that contract law arose in the actions of assumpsit and concepts of motive and reliance. If not the acceptance is viewed as a rejection and counteroffer. In some states element of consideration can be satisfied by a valid substitute. Whether or not there...