Offer acceptance

    Cards (8)

    • Offer
      A promise made by the offeror to enter a contract on firm and definite terms
    • Bilateral Offer
      • The offeror promises something in return for the promise of something from the offeree
    • Unilateral Offer Case
      • Carlil v Smoke Ball
    • Unilateral Offer
      • The offeror promises something in return for the performance of an act by the offeree
    • ITT
      A willingness to start negotiations and invites the other person to make an offer, which can then be accepted or rejected
    • Acceptance
      Becomes effective by letter on posting
    • Acceptance must be communicated
      This exception is unfair to the offeror who doesn't know that their offer has been accepted
    • Adams v Lindsell
      • It was unfair on the offeror as they were bound to an agreement they were unaware of