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Topic: Business
Number of pages / Number of words: 2 / 466
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The second is the "bargain theory", in which the parties subjectively view the contract to be the product of an exchange or bargain.


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A contract is said to come into existence when acceptance of an offer has been communicated to the offerer by the offeree. An offer is an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed, the "offeree"...


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