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8 Cards in this Set
- Front
- Back
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Four components of a contract? |
Offer Acceptance Intention to create a legal relations between one another Consideration |
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What distinguishes an informal agreement from an legally enforceable contract? |
The intention to create legal relations between one another |
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The majority of Contract law is governed by... |
Case law |
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Define an offer |
An expression of willingness to contract on specified terms, made with the intention that it will become binding when accepted by the person to whom it is addressed |
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The court's used to establish whether an agreement had been reached by determining whether there had been a 'meeting of the minds' between the parties. But now the make an objective assessment of the offerors intention and this will establish whether a legal agreement has been created... How does this work |
If a reasonable person would have thought that by the words or actions of the offeror that he intended to be bound, this is sufficient to create an agreement in law Ie a uni making an offer in error |
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What's the difference between an invitation to treat and an offer? |
An invitation to treat invites people to make offers An offer is the actual offer |
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An invitation to treat always proceeds an offer True or false |
True Advertisement for car- invitation to treat Customer goes to shop and offers to buy car |
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Definition of invitation to treat |
Statement expressing willingness to receive offers |
