Offer and acceptance Flashcards
1
Q
Define offer
A
A statement made by one party, the offeror, which sets out the terms they agree to be bound by.
2
Q
What is a contract
A
A contract is an agreement between 2 parties who are bound by law to carry out obligations under the contract which can be enforced or compensated in the court
3
Q
Whats an ITT
A
More like a negotiation where 1 party invites another to make them an offer.
4
Q
Stevenson v mclean
A
