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1. Contract springs from offer and acceptance
Agreement traceable to question and answer
Forms of offer and acceptance.
Unilateral and bilateral contracts
Executed and executory consideration
2. Offer and acceptance may be made by words or conduct
Difference between express and implied contracts
Inferences deducible from conduct
3. Offer must be communicated
Ignorance of offered promise
Ignorance of offered act
Ignorance of offered terms
4. Acceptance must be communicated or manifested.
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5. Acceptance manifested in manner prescribed by offer
Requisites of communication of acceptance
Acceptance by post or telegraph
Useless after acceptance
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1. Political or professional status
2. Infancy void, voidable, and binding contracts
Ratification of voidable contracts: common law and statute.
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