CHAPTER 1: Flashcards
Tender
Spencer v. Harding
Price List
Harvey v Facey (1893)
Display of Goods
Pharmaceutical Society of Great Britain v. Boots Cash Chemists Ltd
advertisement (ITT)
Harris v Nickerson
Counter offer
Hyde v. Wrench
Prescribed time/ reasonable time
Ramsgate Victoria Hotel Co. v Montefire
Communication (Acceptance)
Felthouse v Blindly
Revocation of an Acceptance
Dunmore v Alexander
When the letter of acceptance and the letter of revoking the acceptance reached the offeror simultaneously, the acceptance was revoked effectively
Rules of Consideration
- sufficient but need not be adequate
- may come from an offeree or any other person
- have some value
- not be illegal and vague
- possible of performance
Types of consideration
- Executory
- Executed
- Past
Legal capacity (general rule)
Section 10(1) of the Contract Act 1950 provides that:
All agreements are contract if they are made by free consent of parties competent to contract for a lawful consideration and with a lawful object and are not hereby expressly declared to be void
Competent for contract (Legal of Capacity)
- Age of majority
- Soundness of mind
- Not disqualified by law
Exceptions (Legal Capacity)
- marriage
- scholarship
- necessaries
- apprenticeship
- insurance
- agency
Mistake as to the possibility of performing the contract (mutual mistake)
sheikh bros v ochsner
types of mistake (free consent)
- mutual mistake
- unilateral mistake
- mistake as to document