Offer And Acceptance In Contract Law Cases In North Carolina
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This Architect Contract for Design is a general contract to retain an architect to a design home or building. This contract can be used in any state.This contract outlines the services to be performed, compensation terms, and number of phases until completion.
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(Offer and Acceptance. An "offer" is an expression of willingness to do or refrain from doing a particular thing.The offer and acceptance form the agreement between the parties. The offer may later become a contract if and only if all of the criteria set forth in the Statute of Frauds are satisfied. Both written and oral contracts require the following elements: 1) an offer; 2) acceptance; 3) mutual assent; and 4) consideration. In form 2-T, immediately above the buyer's signature line, it states "This offer shall become a binding contract on the Effective Date.