ABSTRACT
Virtually all economic transactions are regulated by a contract of one type or another. Even when a supermarket posts a price on a can of food, it is offering its customers a contract for the purchase of the can at a given price with certain clauses attached, for instance that the food should be of “satisfactory quality”1
and that the buyer must be “ready and willing to pay the price in exchange for possession”2 of the food. The parties accept to execute such contract when the item is keyed in at the cash register.
