Offer and Acceptance

Question 1

Is contract law under public or private law?

Answer 1

Private Law

Question 2

There are 4.

List other types of Private Law.

Answer 2

Family, Property, Tort, Unjust Enrichment

Question 3

There are 4.

List other types or Public Law.

Answer 3

Constitutional, Admin, Tax, Criminal

Question 4

legally binding relationship

Define Contract Law.

Answer 4

Agreements made with others under law giving rise to obligations enforced or recognised by law.

Question 5

Define an Offer

Answer 5

reaching an agreement of 2 stages
(a) offer and (b) acceptance
must have an exchange in value or a conditional value
must have the capacity to contract

Question 6

When does a proposal amount to an offer?

Answer 6

If there is intent to contract if accepted and the content of the contract is clearly defined

Question 7

unilateral offer

Answer 7

an offer made to the world in general

Question 8

bilateral offer

Answer 8

made to a particular person or particular group of people

Question 9

define consideration and give an example

Answer 9

exchange in value, without it the contract is not legally binding - e.g. goods given in exchange for money

Question 10

define intention

Answer 10

intention to be legally bound to a contract

Question 11

why is intent sometimes looked over? what is the exception?

Answer 11

if you have consideration it is automatically assumed there was intent - except for domestic agreements

Question 12

Expressed Terms are…

Answer 12

terms that ae actually agreed on in the contract, some are more important than others, this is decided by the court

Question 13

conditions are…

Answer 13

the most important terms of a contract