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Keenan and Riches' business law. – 9th ed. / Sarah Riches and Vida Allen. p. cm. Rev. ed. of: Business law / Denis Keenan, Sarah Riches. 7th ed. 2005.
Keenan & Riches' Business Law is well known and highly regarded as a reliable and practical guide to the law as it applies to the world of business. The text...
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From Business Law
Capacity of parties:
Actual vs attempted performance:
Business law encompasses all of the laws that dictate how to form and run a business. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Business laws establish the rules that all businesses should follow.
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Offer (proposal) is an expression of willingness by one person to do or not to do something with a view to obtaining the assent of another person. Offer is the first step in forming a contract.
Essentials of a valid offer:
Thus, only a lawful and clear offer communicated to the offeree can be accepted to form a contract.