a statement of terms by which one is prepared to be bound once accepted
what 4 things make a binding contract?
offer, acceptance, consideration, intention
what are the 2 key parties in an offer?
offeror - person making the offer
offeree - person recieving the offer
what is a bilateraloffer?
two parties promise something
what is a unilateral offer?
one person promises something if another party performs an act
what is an invitation to treat?
offeror's willingness to recieve offers and negotiate a contract without making an offer
self service systems are an I2T
Pharmacuetical society of GB v Boots cash chemists LTD
goods displayed on a shelf are always an I2T
Fisher v Bell
machines can be offerors
Thornton v Shoe Lane parking
deckchairs available for hire were an offer for sale
Chapelton v Barry UDC
response to a request for information is an I2T not an offer
Harvey v Facey
wording must be definitive to be an offer
Gibson v Manchester City Council
ads in newspapers/magazines are usually I2T
Partridge v Crittenden
reward posters are a unilateral offer
Carlill v Carbolic Smoke bomb company
what are the 3 rules for general auctions (with reserve)?
auction catalogue, the lot itself, and call for bids by auctioneer are all I2T
the bid is the offer
the fall of the hammer is acceptance
which case gives the 3 rules for general auctions?
Payne v Cave
what is the rule for no reserve auctions?
it is a unilateral offer accepted by submitting the highest bid
what case gives rule for no reserve auctions?
Heathcote Ball v Barry
what are the 3 rules of an offer?
terms of an offer must be certain, offer must be communicated (spoken, verbal or conduct), and offers sent by post are communicated on arrival (even if unopened) - offeree must know about the offer
how can an offer end?
lapse of time, death of a party, or revocation/withdrawal
offer ceases to exist after reasonable time due to nature of subject matter
Ramsgate Victoria Hotel v Montefiore
how else can lapse of time end an offer?
when an offer is not accepted within prescribed time
what happens to an offer if the offeree dies?
offer automatically lapses
what happens to offer if offeror dies?
offer may stay intact if offeree doesn't know about death and has accepted (unless contract requires personal service of offeror)
when can an offer be revoked?
any time up until acceptance
one party cant be bound whilst the other is not, i.e consideration must be given for an offer to keep an offer open
Routledge v Grant
revocation is communicated once recieved by offeree
Bryne v Van Tienhoven
what 3 rules does Dickinson v Dodds give us regarding revocation?
no obligation to keep offer open until prescribed time; revocation can be done by reliable third party; free to withdraw offer until acceptance UNLESS deposit has been paid (consideration)
once offer is rejected it cannot be accepted, but inquiries are not rejections of an offer
Stevenson v Mclean
what is a counter offer?
changing the terms of an offer
counter offer destroys original offer so it no longer exists and is unable to be accepted