Offer and acceptance

intention to create legal relations. In addition to this, an agreement is formed by a valid offer and acceptance. An offer is the promise which is clear, certain and final that made by the offeror, the offeree can choose to accept it or reject it as the acceptance is capable. An acceptance refers to the approve of the offer, it must be absolute and communicated to offeror, once the offeree accept the offer, there is an agreement reached between the offeror and offeree and it cannot be revoked…

There are four important elements in a contract which is valid. They are agreement which contains offer and acceptance, consideration and intention to create legal relations. Firstly, offer is made by offeror and related with offeree who received the offer. Secondly, acceptance which must be absolute unqualified and unconditional is the agreement of the offer made…

is no binding contract as the sellers failed to respond to the offer sent to them by Simon. The main objective of this paper is to determine whether there is a contract that binds Simon and Huddersford Bookshop. In the determination of the case, there are various legal issues that need to be addressed. These are an offer, acceptance, ITT, and remedies that should be accorded to the aggrieved parties in the case. To begin with, an offer is an explicit proposal that is given one party of the need…

entering into a contract with another party, that contract can be either a verbal or written one. There are different elements that go into a contract that make it valid and binding and they are: Offer: This is defined as a…

a loan on a home or car. 2. Define an offer. Who is the offeror and who is the offeree? The offer is a manifestation by one party’s willingness to enter a contract (Goldman and Cheeseman 493). The offeror is the party who makes the offer while an offeree is the party who the offer is made out to (Goldman and Cheeseman 492). An example of this can be seen in an auction where the auctioneer is the is the offeror and the person bidding is the offeree. The offer would be along the lines of…

enter a contract and accept by an offeree who received the invitation. In this case, TimberCo is the offeror and BuildCo is the offeree. Under rules on offers, an offer can be revoked before acceptance and acceptance must be communicated to the offeror but there is an exception which is the postal acceptance rule. Meanwhile, the postal acceptance rule indicate a contract is formed when the moment the…

accepting the offer. The plaintiff sued for non-delivery. The issue in this case is whether the defendant’s telegram effectively revoked the offer although it was not received by the plaintiff before he made the acceptance. The court held that a revocation is not effective until it is received by the person to whom the offer was made. Because the plaintiff had not received the revocation at the time he sent a telegram of acceptance, the original offer stood and the plain tiffs acceptance…

constitutes an offer. If it does, Ron’s answer of the question is an acceptance of the offer, in result to an existing contract between the parties. However, if Sally’s call is only an invitation to treat, there is no contractual bound between the parties, because Ron’s answer of the questions will not be the acceptance of an offer. In fact, Sally’s call would consist that the making of an offer to answer the question about a product she was promoting and Ron accepted the offer, given that he…

parties consisting of an offer and acceptance. Can be done either orally or written but must be present to fulfil the formation of a contract. How the offer is made and the acceptance is important so we can establish a contract. Consideration must be present when selling goods, promise will be fulfilled when in exchange of something worth the product such as money…

Arataki, I am writing this report to illustrate the implications of the amendment 13A in the Electronic Transactions Act 2002 (ETA). The reason for the amendment was to gain certainty of when acceptance occurs in forming contracts by electronic communication. This affects eTrade for the reason that when acceptance has occurred the business is liable to perform the contract. Analysing the current law, there is a lack of certainty in regards to time of receipt and risk is heavily weighted on the…