Introduction Flashcards
1
Q
Howarth: The Meaning of Objectivity in Contracts
Promisor objectivity:
Promisee objectivity:
Detached objectivity:
A
Promisor: what a reasonable person would understand
Promisee: what a person would expect
Detached: is argument visible to an objective observer?
2
Q
What happened in Centrovincial Estates v Merchants Investors Assurance Co Ltd?
A
- Rent was £68,000
- Asked for £65,000
- Accepted, but mistake! Actual rent £126,000
- Letters were formal, unambiguous and accepted
3
Q
Give three cases concerning offer and acceptance
A
- Carlill v Carbolic Smoke Ball Co
- Leonard v Pepsico
- Bowerman v ABTA Ltd [1995]
