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Contract
Offer and acceptance
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Ending an offer
law > Contract > Offer and acceptance
7 cards
Cards (14)
Offer
A statement of
willingness
by offeree to enter a
legally
binding agreement
Offeror
The party that
makes
the
offer
Offeree
The party to whom the offer is
made
to
Offer must be communicated
Taylor
v
Laird
An invitation to treat is not an offer
Carlill v Carbolic Smoke
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Valid Acceptance
Positive
- offeree must declare their acceptance via act, words or conduct (not by omission or silence)
Unconditional
- must be complete and unequivocal meaning no alterations (counter offer)
Communicated
- must be communicated in some manner
Acceptance
by
post
Acceptance is effective and
enforceable
at the time of
posting
however:
The rule only applies if the
post
is the expected method of
communication
The
letter
must be properly addressed and
stamped
The
offeree
must provide proof of
postage
See all 14 cards
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