Offer and acceptance Flashcards
Definition of an offer
Clear and firm indication of the terms that a party is willing to agree to
Gibson V MCC
Wording must be clear and firm to be an offer
Fisher v Bell and PSGB v Boots
Shop displays are invitations to treat not offers
Partridge v Crittenden
Written adverts in newspapers are invitations to treat
Carlil v Carbolic smoke ball co
If the terms are clear enough an advertisement can be an offer
Harvey v Facey
Replying to a request for information is not enough to be an offer
What is a bilateral contract
A contract where both parties to the agreement have obligations to do something
What is a unilateral contact
A contract where only one party has an obligation to do something
Acceptance
If offeree agrees to terms the offer turns into an agreement
Rejection/ refusal
If rejected the offer ends
Death of the offeror
If offeror knows of the death the offer dies with them, if unaware the offer can still be accepted unless a personal service is involved
Counter offer
If offeree wants to accept the offer but change a term it’s a counter offer, counter offer ends original offer and creates a new one. Original offer can no longer be accepted
Lapse of time
An offer can be open until a particular time, if not accepted within the window the offer will lapse. If no time frame set offer ends after reasonable time frame
Ramsgate hotel v Montefiore
Offers will lapse after l:
A specified period of time
After a reasonable period of time
Withdrawal/ revocation
Offers can be revoked by the offeror as long as they have not been accepted