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LAW
LAW OF CONTRACT
offer
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Subdecks (1)
invitation to treat
DIPLOMA > FINAL SEM4 > LAW > LAW OF CONTRACT > offer
5 cards
Cards (12)
Definition:
Sect
2
(a): offer is an
intimation
of
willingness by the offeror
to
enter into a legal binding contract
rules retaining to offer:
offer must be
clear
in meaning
offer must be
valid
in law
preliminary
negotiation
communication
of offer
invitation to
treat
revocation
of offer
offer must be
clear
in
meaning
:
if we can
identify
the
subject matter
= that offer is
clear
case:
Scammell
and
Nephew
v
Ouston
(
1941
)
offer must be
valid
at
law
:
must be legal
preliminary negotiation
:
negotiation =
no offer
until the offeror and offeree agree to the
entire provision
of
terms
in the
agreemnet
communication of offer:
sect
4
(
1
): the
communication
of the
proposal
is
complete
when it comes to the
knowledge
of the
offeree
revocation
of offer:
Sect
5
(
1
): a proposal may be
revoked
at any time before the
communication
of its
acceptance
is complete as against the
proposer
, but not
afterwards
See all 12 cards