Formation: Offer Flashcards
What is an offer?
A statement of intent to be legally bound by the terms of the offer if it's accepted
What types of offers are there?
Bilateral: promise for a promise Unilateral: promise if other party performs an act
What did Gibson v Manchester CC state about offers?
Must be certain and definite
What did Thornton v Shoe Lane Parking say about who can make an offer?
Anyone can make an offer
What is an invitation to treat?
Invitation to make an offer
What did Fisher v Bell add?
Goods displayed in shop window are ITT
What did Partridge v Crittenden establish?
Advertisements are likely to be ITT
What was established in Carlill v Carbolic Smoke Co?
Can make unilateral offer to whole world
What did Harvey v Facey establish?
Mere statement of price is not an offer
What did Routledge v Grant say about revocation?
Revocation must be before acceptance
What did Byrne v Van Tien Hoven add?
Revocation must be communicated
What did Dickinson v Dodds add?
Revocation can be by reliable 3rd party
What did Hyde v Wrench establish for counter offers?
Counter-offers/rejections end original offer
What was established in Ramsgate Victorian Hotel v Montefiore?
Offer can expire by specific date or after reasonable amount of time passes
What happens to an offer after the death of a party?
Offeree dies = terminate Offeror dies = terminate if not accepted and offeree is aware of death
