... the filling of a shipping order. Many contracts need not be written. What then is a contract, and what are the minimum requirements to make a contract enforceable. A contract may be viewed as an exchange of enforceable promises. In a contract, each party makes a promise in exchange for the promise of the other. In most cases, without reciprocal promises, there is no contract. So, it means that a valid contract should be contain several terms especially offer, acceptance and consideration. An offer is an expression of willingness to contract on certain term, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed. Acceptance is a final and unqualified expression of assent to the terms of an offer. It is no defence to an action based on a contract for the defendant to claim that he never ...

See this essay or coursework document in full right now