EXAMPLES OF CONTRACT LAW

Examples of Contract Law

Examples of Contract Law

A Mutual Consent

For example, in a contract for the sale of a car, the buyer thinks he will obtain a car and the seller believes he is contracting to sell a cow, there is no meeting of the minds and the contract will likely be held unenforceable. (Austin, 2002).

Offer and Acceptance

For example, in a contract for the sale of a guitar, the seller may offer the guitar to the buyer for $1,000.00. The buyer's acceptance of that offer is a necessary part of creating a compulsory contract for the ...