Acceptance and Certainty of Terms

To have a valid contract, all the elements of a contract must be present. If an offer is made, it must be accepted before an agreement could be said to have been reached.

An episode of the Introduction to Business Law podcast, hosted by Dr Lola Akin Ojelabi, titled "Acceptance and Certainty of Terms" was published on April 3, 2013 and runs 24 minutes.

April 3, 2013 ·24m · Introduction to Business Law

Summary

To have a valid contract, all the elements of a contract must be present. If an offer is made, it must be accepted before an agreement could be said to have been reached. Where an offer is accepted, a binding contract will be created if all other elements are satisfied. One of the other elements is certainty of terms. This requires that all the terms (content of the contract) must be clear and certain, not illusory. Copyright 2013 Lola Akin Ojelabi / La Trobe University, all rights reserved. Contact for permissions.

Episode Description