Contract law fundamentals explained with key focus on differences between offer and invitation to treat in contract law, acceptance mechanisms, and revocation rules.
- The distinction between offers and invitations to treat is crucial but can be subtle, with legal precedents helping define boundaries
- Importance of postal rule in contract acceptance remains relevant despite modern communication methods
- Revocation rules for contract offers and acceptance allow withdrawal before acceptance if properly communicated
- Electronic communications have introduced new considerations for contract formation timing
- Legal frameworks continue evolving to accommodate technological advances while maintaining core principles