Section B:Formation ofa Contract 1.How the basic agreement arises:offer acceptance(effect of acceptance) 2.Requirements fo an effective offer Contractual intention(vinvitation of offer) b)Definiteness; c)Communication to specific offeree(s). 3.Case analysis 2-2-1:offer 4.Case analysis 3-1-1:"offervinvitation for offer" 5.Elem ents of valid acceptance a)By the offeree:Who may accept? b)Unconditional:Conform to the terms of the offer/the nature of acceptance(principle of mirror and counter-offer). c)Within the time limit fixed by the offer,or within a reasonable period ofti e ation of accepta d)Inthe proper form:The manner ofacceptance. 6.Case analysis 2-2 2:acceptance; 7.Case analysis 2-2-4:counter-offer Section C:Breach of Contract and Remedies Full performance 2.The definition and types of contract breach a)actual breach b)anticipatory breach 3.What can be one when broken:Remedies forbreach of on (7sorts) a)Specific performance b)Damages /reparations c)Liquidated damages: d)Rescission/Repudiation; Injunction/Interdict; Restitution, g)Deposit 4.Case analysis 2-3-1:classes of damages; 5.Case analysis 2-3-2:foreseeability of damages III.After-class exercises Leam about the pertinent statutes of China; 9 9 Section B: Formation of a Contract 1．How the basic agreement arises: offer & acceptance (effect of acceptance) 2．Requirements for an effective offer: a) Contractual intention (v. invitation of offer); b) Definiteness; c) Communication to specific offeree(s). 3．Case analysis 2-2-1: offer 4．Case analysis 3-1-1: “offer v invitation for offer” 5．Elements of valid acceptance: a) By the offeree: Who may accept? b) Unconditional: Conform to the terms of the offer/ the nature of acceptance (principle of mirror and counter-offer). c) Within the time limit fixed by the offer, or within a reasonable period of time: Communication of acceptance. d) In the proper form: The manner of acceptance. 6．Case analysis 2-2-2: acceptance; 7．Case analysis 2-2-4: counter-offer Section C: Breach of Contract and Remedies 1．Full performance 2．The definition and types of contract breach a) actual breach b) anticipatory breach 3．What can be done when a contract is broken: Remedies for breach of contract: (7 sorts) a) Specific performance; b) Damages /reparations c) Liquidated damages; d) Rescission / Repudiation; e) Injunction / Interdict; f) Restitution; g) Deposit. 4．Case analysis 2-3-1: classes of damages; 5．Case analysis 2-3-2: foreseeability of damages Ⅲ.After-class exercises: Learn about the pertinent statutes of China;