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contracts require three things offer acceptance and consideration Im professor self Orenburg and Im here to talk to you today about understanding when a contract is valid because an offer is made lets begin with some key terminology regarding offers the person manifesting the offer making the offer is known as the promise or or the offer or the person receiving the invitation receiving the offer is the offeree or the promise see since offers are usually a proposal for an exchange of promises we can analyze whether something is an offer based on whether the promise or proposes a promise that could be enforced in law there are two elements required for a promise to be enforceable as a binding contract one the manifestation of intention and to reasonably certain terms lets address manifestation of intention first manifestation is a reasonable objective interpretation of actual words and actions based on externally verifiable phenomenon this is not undisclosed information this is not p
