5 elements of a contract Ch18 - 19 Y2 Flashcards
What are the 5 essential elements of a contract?
Offer
Acceptance
Privity
Consideration
ITCLR
What case establishes that the offer must be definite in its terms?
Gibson v Manchester City council
What is an invitation to treat?
An indication that a party is willing to negotiate a contract, but is not an offer
What case establishes that advertisments are an invitation to treat?
Partridge v Crittenden
What is a unilateral contract?
a promise in exchange for performance - the contract is only formed when the offeree performs the act
What case illustrates a unilateral contract?
Carbolic Smoke Ball
What case establishes that goods in a shop window are an invitation to treat?
Fisher v Bell
What case establishes that goods on a shop shelf are an invitation to treat?
Boots Cash Chemists
What case establishes that the bidder makes the offer at an auction?
BCA
What case establishes that a request for information (and a reply to that request) is not an offer?
Harvey v Facey
What case establishes that an offer can be made anyone / anything
Thornton v Shoe Lane Parking
when does an offer start? + Case
when it is communicated to the offeree
Taylor v Laird
What was the situation in Stevenson v McLean?
the offeree accepted the offer whilst the telegram of revocation was in transit (not communicated to buyer - so a valid contract was made
What are the 5 ways an offer can end?
Revocation
Rejection
Lapse of time
Death
Acceptance
What case establishes that revocation can be communicated by a reliable third party?
Dickinson v Dodds
What case establishes that an offer is rejected by making a counter offer?
Hyde v Wrench
