In contract law, an agreement means there is a mutual understanding between the parties as to the substance of the contract. This agreement between the parties is legally reached through:
A) negotiation and deliberation
B) communication of conditions
C) revocation or rejection
D) rejection and counteroffer
E) offer and acceptance

Question

Quizplus · Accepted Answer

An agreement in contract law is legally reached through the process of offer and acceptance. This means one party makes an offer, and the other party accepts the terms of the offer. Once the offer is accepted, an agreement is formed. Negotiation, deliberation, and communication of conditions may be part of the process leading up to the agreement, but only offer and acceptance create a legal agreement. Revocation or rejection and counteroffer do not result in an agreement.

In Contract Law, an Agreement Means There Is a Mutual