This article is particularly relevant to AQA A-level Paper 3, and also relevant to contract law topics across all the main exam boards.
According to the traditional approach to contract formation, an agreement is formed where both parties intend to create legally binding relations (see pp. 16–17) and one party (the offeror) makes an offer, which is accepted by the other party (the offeree). The bargain is sealed by an exchange of mutual value in the form of consideration.
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