Download This PaperOffer & Acceptance (in Lithuanian)
Apskaitos, audito ir mokesciu aktualijos, No. 16, p. 640, April 26, 2011
6 Pages Posted: 5 Jan 2011 Last revised: 7 May 2012
Date Written: January 3, 2011
Abstract
Describes the institutes of offer and acceptance on a comparative basis. Explains why these concepts are useful in determining whether a contract has been formed, and why nevertheless they are not elements of a contract nor requirements for its validity.
Describes a leading USA CISG case and a UK case on the difficulty of determining when a contract has been formed during long negotiations. Suggests methods that businessmen can use to avoid difficulties. Describes the English/UK word-of-art 'subject to contract.' Describes the entrance into the Lithuanian lexicon of these concepts. Beiefly describes and contrasts the way these concepts are taught in the USA with their treatment on the Continent (Europe sans UK).
The paper is in the Lithuanian language.
Note: Downloadable document is in Lithuanian.
Keywords: Offer, acceptance, formation, oferta, akceptas, parasas, signature, objektas, pagrindas, sutikimas, CK 1.73
JEL Classification: K12, K33
Suggested Citation: Suggested Citation