Contract Law. Case study. Analysis Study Example | Topics and Well Written Essays - 500 words

Contract Law. . Analysis - Case Study fontWhen the adviseee made a counter-offer, the original offeror must communicate his acceptance to the counter offer in order for an enforceable contract to exist.An invitation to bid on a public contract is not an offer to contract but a solicitation for an offerThe contractors bid is the offer to contractTo form a contract, the parties must in return assent to the agreementIn looking for mutual assent, we do not consider the parties subjective intent, instead, we ascertain intent from the object lens manifestations, the parties statement and conduct.In the said case, a contractor that bid on a public formulation project sought damages from the public agency after the contract was awarded to another bidder. The Court held that an enforceable oral contract was not formed when the agency voted to award the contract to the contractor or when it assured the contractor he had been awarded the contract.Applying the rules of law, the award of bi d is not considered an enforceable contract because it was not reduced into composition which is a requirement under the Statute of Frauds.