Under the objective theory of contracts it is possible that one can be in a contract against his/her will. Explain your answer and provide an example to support your explanation. What are the advantages of the objective theory of contract formation?
Should the rules of offer and acceptance be changed to reflect the increasing use of instantaneous communications such as fax machines and online commercial transactions? Explain your answer. How does doing business in this environment differ from in the past? What changes, if any, should a business make in the terms or manner of offers and acceptances?