International Encyclopedia of Comparative Law Online

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V. The Phases of Formation
(46,042 words)

Volume VII: Contracts in General | Chapter 9 (1992): The Formation of Contracts

Completed in June 1991

Arthur T. von Mehren

112. Through contract, society seeks to elicit and promote individual choice and decision. At times, parties reach decisions easily and expeditiously. Needing a car, one goes to his neighbor, offers a price for the automobile the neighbor wants to sell, and the neighbor immediately accepts the offer. Negotiation, offe…

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Arthur T. von Mehren, “V. The Phases of Formation”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 28 November 2020 <>
First published online: 2018

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