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Word Count: 1,620
Governments have passed consumer protection legislation because they believe that the common law of contracts cannot adequately protect the consumer in todays complex market place Both the Commonwealth and Queensland State governments have legislated to provide greater protection to consumers in contractual situations that would otherwise not be provided by common law Examples of the government introducing legislation as a means of providing greater protection to consumers than common law are The Trade and Practices Act 1974Cth and The Sale of Goods Act 1895Qld Contract law was introduced as a means of providing assurance as to the validity of an agreement whereby both parties intend that their words or actions will have legal consequences if not carried out To form a contract between two parties it must be shown that there is an intention from each to become legally bound there must be a meeting of minds between the parties as well as consideration There are five general rules as to an offer the first being that the offer must be communicated by the offeror to the offeree the second being the offeror may restrict his or her offer to one person or may make his or her offer to a limited group of persons or to the world at large the third rule states that all terms of an offer must be communicated to party accepting the offer The fourth rule states that the offeree may specify conditions to be followed and the fifth states that an offer may be revoked at any time prior to acceptance Similarly to an offer there are four rules which apply to the acceptance of a contract The first rule reads that the acceptance of an offer must relate to the offer in its entirety and cannot vary or in any way qualify that offer the second rule is that acceptance of an offer must be made in strict conformity with the method of communication nominated
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