What is the importance of offer and acceptance in contract?

Answer 1

The importance of offer and acceptance in forming a contract is the main purpose of a contract. It is similar to the binding agreement when someone gives something and another person receives it. It signifies that both parties are making an agreement and that both agree to its terms.

Answer 2

In general, for a contract to be legally enforceable at common law, there must be a definite offer, made bythe offeror, to an offeree, who must then accept or reject the offer before it expires or is withdrawn by the offeror. The contract arises on the offeror's acceptance of the offer.

In contract law, a court will look at the intention of the parties to see whether they both agreed on the terms of the contract, and that there was a true "meeting of the minds" (agreement) between the parties regarding each party's expectations of the other's performance. Evidence that a definite offer was made to the offeror, and that the offeror properly accepted the offer, is a strong indication that the intent of the two parties was to make a binding contract.

Answer 3

Without offer, acceptance can not be given. But without acceptance, offer may be given.