Offer

    Cards (16)

    • An offer is statement of willingness to contract on certain terms made
    • Can be made to a single person or the whole world
    • You can make an offer Orally or in writing
    • An invitation to treat is a term in contract law to a describe a situation where one party invites others to make an offer to enter into a contrac
    • Advertisements is an example of an invitation to treat
    • An offer for a unilateral contract is a type of contract proposal where one party promises to do something upon the completion of a specific act or condition by the other party
    • A bilateral contract , where both parties exchange mutual promises
    • Pet owner offers a reward which is an example of a unilateral contract
    • A tender is where a person seeking to have work carried out issues a statement asking parties to submit the terms on which they are prepared to carry out this work
    • The tender is an invitation to treat
    • When making an offer, the other must be able to request for information
    • Death of the offeror or offeree - You cannot accept an offer from a dead perosn
    • Lapse of time - If there is a time limit then the offer is terminated at that point
    • Destruction of the subject matter - Impossibility of performance
    • Rejection or counter offer - Once an offer is rejected or by counter offer it ceases to exist
    • Revocation - The offer to make a contract is withdrawn
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