Various aspects of the contract that have occurred Under contract law, there is a difference that has been made in relation to ‘offer and acceptance’. There are various stages that a contract will go through before they are validated and signed. The case of James and the pet toys shows an incidence in which he was given the offer and responded to it. There was first an offer by the company when they advertised the toys in the magazine. It should be noted that as they advertised for the offer, they clearly stated that they were ranging from five dollars per toy. This means that the toys were of different prices but the cheapest was going at five dollars. The company made the advertisement based on the current rates at which the toys were going for which meant that they were subject to change. James reacted to the advertisement immediately by writing a mail requesting for ten such toys to be set aside. As per the details of the letter, it implied that he was in need of the ten toys that were going for five dollars each. There is a distinction between the day and moment that the advertisement was posted in the newspaper and the time that was taken for the letter to get to the manager (Burton, 2008). Time factor may have had a considerable effect on the changes that were made to the prices of the toys. James seemed to accept this fact and was hence willing to part with two extra dollars to obtain the toys. It was however contrary to what he had been told by Mary about the prices of the toys. Mary acted by responding that instead of having to obtain them at nine dollars each, he would be given the offer at eight dollars each. There are various rules concerning the offer and acceptance of contracts by means of post. One of these rules is that the offer comes valid the moment it is posted. In looking at the legal implication of the offer that James was given and the amount that he had to pay on the counter, we find that Mary breached the agreement. She had written to James informing him that he would be given the toys for eight dollars each but was instead given for nine dollars each. There is however another rule that governs acceptance which requires the person on the receiving end to accept the offer after receiving the mail. Mary may hence be justified under the contract law to give James the toys at nine dollars since he had not received the letter. The offer that was given to James was still pending based on the acceptance rule considering the fact that the letter had not reached him. Mary may be justified to think that the offer had not been accepted by James and hence stating a different price for the same. The action that was taken by James of refusing to pay for the additional funds that he had been charged shows an assumption that he had made. He may have probably thought that by making the request in advance and sending the payments, the contract had been finalized and he was only to collect the items. His refusal action was not legally binding to the company because they had sent him a letter with the details of the new agreement. However had the letter not been sent to him, at the time he was coming to collect the toys, then it would have been assumed that his offer of seven dollars per toy had been accept