Chapter 4

Offers

Module II: Mutual Assent

This chapter explains when a proposal becomes an offer by focusing on commitment, certainty, and the difference between real assent and mere negotiation. The Troll Campfire scenario makes the doctrine vivid by contrasting bluster and banter with a legally operative invitation to contract.

Doctrinal map

An offer (R2d § 24) is a manifestation that gives the offeree the power to close the deal by acceptance. The chapter distinguishes offers from invitations to deal (Lefkowitz — clear, definite, explicit advertisements are offers; Leonard v. PepsiCo — humorous mass-media commercials are not). The student leaves able to identify what an offer requires, what an advertisement usually is, and when digital-format presentation (Specht, ProCD) does or does not constitute a binding manifestation.

Key Sources

Key Rules

Cases

An offer is a proposal to enter a voluntary bargain or exchange.
Exercise: Troll Campfire →