German Civil Code (BGB) German law<\/p>\n
Title 3<\/strong> Section 145<\/strong> Any person who offers to another to enter into a contract is bound by the offer, unless he has excluded being bound by it.<\/p>\n Section 146<\/strong> An offer expires if a refusal is made to the offeror, or if no acceptance is made to this person in good time in accordance with sections 147 to 149.<\/p>\n Section 147<\/strong> (1) An offer made to a person who is present may only be accepted immediately. This also applies to an offer made by one person to another using a telephone or another technical facility.<\/p>\n (2) An offer made to a person who is absent may be accepted only until the time when the offeror may expect to receive the answer under ordinary circumstances.<\/p>\n Section 148<\/strong> If the offeror has determined a period of time for the acceptance of an offer, the acceptance may only take place within this period.<\/p>\n Section 149<\/strong> If a declaration of acceptance received late by the offeror was sent in such a way that it would have reached him in time if it had been forwarded in the usual way, and if the offeror ought to have recognised this, he must notify the acceptor of the delay after receipt of the declaration without undue delay, unless this has already been done. If he delays the sending of the notification, the acceptance is deemed not to be late.<\/p>\n Section 150<\/strong> (1) The late acceptance of an offer is considered to be a new offer.<\/p>\n (2) An acceptance with expansions, restrictions or other alterations is deemed to be a rejection combined with a new offer.<\/p>\n Section 151<\/strong> A contract comes into existence through the acceptance of the offer without the offeror needing to be notified of acceptance, if such a declaration is not to be expected according to customary practice, or if the offeror has waived it. The point of time when the offer expires is determined in accordance with the intention of the offeror, which is to be inferred from the offer or the circumstances.<\/p>\n Section 152<\/strong> If a contract is notarially recorded without both parties being present at the same time, the contract comes into existence, unless otherwise provided, on the recording of acceptance effected in accordance with section 128. The provision of section 151 sentence 2 applies.<\/p>\n Section 153<\/strong> The coming into existence of the contract is not prevented by the offeror dying or losing capacity to contract before acceptance, unless a different intention of the offeror is to be presumed.<\/p>\n Section 154<\/strong> (1) As long as the parties have not yet agreed on all points of a contract on which an agreement was required to be reached according to the declaration even of only one party, the contract is, in case of doubt, not entered into. An agreement on individual points is not legally binding even if they have been recorded.<\/p>\n (2) If notarial recording of the contract contemplated has been arranged, the contract is, in case of doubt, not entered into until the recording has taken place.<\/p>\n Section 155<\/strong> If the parties to a contract which they consider to have been entered into have, in fact, not agreed on a point on which an agreement was required to be reached, whatever is agreed is applicable if it is to be assumed that the contract would have been entered into even without a provision concerning this point.<\/p>\n Section 156<\/strong> At an auction, a contract is not entered into until the fall of the hammer. A bid lapses if a higher bid is made, or if the auction is closed without the fall of the hammer.<\/p>\n Section 157<\/strong> Contracts are to be interpreted as required by good faith, taking customary practice into consideration.<\/p>\n
\nContract<\/strong><\/p>\n
\nBinding effect of an offer<\/strong><\/p>\n
\nExpiry of an offer<\/strong><\/p>\n
\nPeriod for acceptance<\/strong><\/p>\n
\nFixing a period for acceptance<\/strong><\/p>\n
\nLate receipt of a declaration of acceptance<\/strong><\/p>\n
\nLate and altered acceptance<\/strong><\/p>\n
\nAcceptance without declaration to the offeror<\/strong><\/p>\n
\nAcceptance by notarial recording<\/strong><\/p>\n
\nDeath or incapacity to contract of the offeror<\/strong><\/p>\n
\nOvert lack of agreement; lack of notarial recording<\/strong><\/p>\n
\nHidden lack of agreement<\/strong><\/p>\n
\nEntry into contracts at auctions<\/strong><\/p>\n
\nInterpretation of contracts<\/strong><\/p>\n