What Constitutes Acceptance of a Contract Offer?
When you click the "Place Your Order" button at Amazon.com, tell the cab driver where you want to go, or hand a $20 bill to the cashier at the movies, you are accepting an offer to enter into a...
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How Is a Contract Assigned?
There are three steps to follow if you want to assign a contract.Step 1: Examine the contract for any limitations or prohibitions. Check for anti-assignment clauses. Sometimes the prohibition is not a...
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What Is an Assignment of Contract?
An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignor wants...
View ArticleWho Lacks the Capacity to Contract?
When it comes to legally binding agreements, certain people are always considered to lack the legal ability (or "capacity") to contract. As a legal matter, basically they are presumed not to know what...
View ArticleContract Terminology
You shouldn't sign a business or personal contract unless you understand important contract terminology such as "assignment,""capacity" or "offer and acceptance." Learn about these essential terms and...
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