offer Flashcards
1
Q
contract
A
a legally binding agreement that law enforces e.g buying something
2
Q
2 types
A
unilateral- 1 party has an obligation under the contract
bilateral- most common type of contract both parties have an obligation
3
Q
offeror and offeree
A
offeror- person who makes the offer
offeree- person who offers been made to
4
Q
offer
A
terms by which offeror is prepared to be bound
certain and communicated
(Gibson v MCC)
5
Q
ITT
A
Not an offer
other person is invited to make offer which can be accepted or rejected
-Ads (Partdridge v Crittenden)
(must be made to specific groups of people)
-Items on display (fisher v bell)
-auctions