CONTRACT LAW: OFFER & ACCEPTANCE
Legally binding agreements
If the ‘expression’ is clear and specific with an intention to be bound by it, the courts will deem it a legally binding offer. However, if it is not, the court may decide it is not an offer.
Accepting a legally binding offer
There are specific rules related to acceptance. If acceptance does not meet these rules, there is no agreement and consequently, no contract is formed.
When is acceptance effective?
The postal rule states that if acceptance is made by non-instantaneous methods, it becomes effective when sent by the offeree, not when communicated to the offeror.