International Contracts on Sale of Goods Flashcards
1
Q
When is an offer effectively accepted?
A
The moment its received by the offeree?
2
Q
When can an offer be withdrawn?
A
Before the offer is received
3
Q
When can an offer be revoked?
A
After the offer has been received but before it has been accepted
4
Q
When can an offer be rejected?
A
When offeree says ‘‘no’’
5
Q
What are the two parts of an agreement?
A
1) the offer
2) the acceptance
6
Q
What conditions need to be in place for acceptance?
A
- offer needs to be still open
- acceptance need to be communicated to offerer
- should be within reasonable time
7
Q
When is acceptance by letter effective from?
A
from date on letter
8
Q
What are unascertained goods?
A
goods that are not identifiable (e.g. petrol)
