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European Contract LawScots and South African Perspectives$
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Hector MacQueen and Reinhard Zimmermann

Print publication date: 2006

Print ISBN-13: 9780748624256

Published to Edinburgh Scholarship Online: March 2012

DOI: 10.3366/edinburgh/9780748624256.001.0001

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Offer, Acceptance and the Moment of Contract Formation

Offer, Acceptance and the Moment of Contract Formation

Chapter:
(p.74) 3 Offer, Acceptance and the Moment of Contract Formation
Source:
European Contract Law
Author(s):

Geo Quinot

Publisher:
Edinburgh University Press
DOI:10.3366/edinburgh/9780748624256.003.0003

This chapter examines the issues of offer, acceptance and contract formation under the Principles of European Contract Law (PECL). It explains that the offer and acceptance model is a standard feature of modern contract law in South Africa and Scotland, and that PECL embraces the offer and acceptance model for contract formation found in most Western legal systems today. The chapter argues that in rejecting both consideration and causa as requirements for contract formation, PECL endorses the offer and acceptance model as the primary and sole vehicle for analysing the parties' interaction to establish whether, and when, a contract has come into existence. In this sense, PECL is closely aligned to both Scots and South African law.

Keywords:   PECL, offer, acceptance, contract formation, contract law, South Africa, Scotland, Western legal systems

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