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...Chapter offer and acceptance what is a contract contracta legally binding agreement that courts will enforce are the basis for all economic activity between two parties six major requirements must be satisfied before treat transactions as contracts there serious definite to terms of accepted by party whom it was communicated genuine assent not based on one s deceiving another an important mistake or use unfair pressure exerted obtain legality legal example agreeing pay someone commit crime cannot consideration involve both sides receiving something value result transaction capacity able themselves instead having parent representative writing some agreements have in fully enforceable court page law business personal adamson mietus pages offerorone who makes offereeone made couple want their house painted painter offers do job during month july owners accept promise price offerorthe offereethe offerto paint homeowners above could reject demanding lower done earlier counteroffer you need ...