The magical world of contracts, where handshakes legally bind
people and emojis carry the weight to impact a party's
financial obligations. Before one can fully appreciate contracts,
and more specifically, the exciting act of accepting a contract, it
is necessary to understand what a contract is. Fundamentally,
contracts require three components: offer, acceptance, and
consideration.
The advent of technological breakthroughs has ushered in a new
era of challenges for the three foundational components of contract
law, demanding innovative and unconventional thinking for effective
adaptation. The convergence of Artificial Intelligence (AI),
biometrics, and Virtual Reality (VR) has the power to significantly
reshape the landscape of contract law and jeopardize its very
foundations. This article focuses on how one of the three
foundational components of a contract, acceptance, may be affected
by these technological advances and the recent jurisprudence.
