Offer And Acceptance Contract Law Definition In Queens
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State:
Multi-State
County:
Queens
Control #:
US-00417
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Word;
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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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An offer is a proposal from one party to another intending to create a legal obligation upon acceptance. In New York, a contract is formed at the moment the acceptance is properly communicated to the offeror.Acceptance is a critical concept in contract law. Agreeing to an offer forms a legally binding agreement between the two parties. This lecture explains what qualifies as an "Acceptance" in contract law. In contract law it is what the parties say or do that matters; not, what they mean. Acceptance in contract law is when a person agrees to the terms of an offer without any changes. The video covers acceptance under contract law in detail. I. Basic Consideration (Bargain Theory).