Offer

• 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• Revocation - The offer to make a contract is withdrawn