Contract Law - Contract Formation - Mutual Assent

Dive into the essentials of contract formation with the Study for the Bar in Your Car podcast! This episode is a deep dive into mutual assent, that crucial "meeting of the minds" that forms the bedrock of a legally binding agreement. Mastering this concept is fundamental for the bar exam.

Mutual assent requires two key elements: a valid offer and a valid acceptance. We dissect what transforms a communication into a valid offer, which involves the offeror showing a clear willingness to enter a deal on specific terms. This intent is judged by an objective standard – how a reasonable person in the offeree's shoes would understand it, not secret intentions. An offer must also be reasonably certain in its terms, ...