Business Law Essay: Contract Law, Offer, and Invitation to Treat

This essay provides a comprehensive overview of business law, focusing on contract law principles. It begins with an introduction to business law and its relevance, followed by an in-depth analysis of valid contract elements, including offer, acceptance, and consideration. The essay distinguishes between an offer and an invitation to treat, particularly in the context of property transactions. It explores the conditions under which contracts can be terminated and the circumstances that make a contract enforceable. The essay also discusses factors considered by courts regarding invitations to treat and concludes with advice on a House of Lords ruling regarding an appeal. The report is supported by references to academic journals and books.