1 Offer Flashcards
1
Q
Definition nd case
A
-An offer is the terms in which the offeror is prepared to be bound
- must be certain and communicated
(Gibson v mcc)
2
Q
Counter offer
A
-rejects nd ends original offer nd creates new offer MUST be communicated
-(Hyde v wrench)
3
Q
Revocation
A
-can be revoked any time before it is accepted
-must be communicated (even by third party)
(Dickinson v Dodds)
4
Q
Rejection
A
-must be a clear rejection
-must be communicated
(Stevenson v mcclean)
5
Q
Lapse of time
A
-if the offer had a time limit and that runs out
Otherwise
-offer will end after a reasonable time
(Ramsagate Victoria hotel)
6
Q
Death
A
Of the offeror
-but can be still accepted until offeree knows about death
