Offer and Acceptance Flashcards
What is the definition of a contract?
A promise or set of promises enforceable by law
What is an offer defined as?
An expression of willingness to contract on certain terms with the intention… actual or apparent… that it should be enforceable by law
What it is Specific offer?
An offer made to a specific person or group of people
What is a general offer?
An offer made to the world at large
What is a unilateral offer?
A promise with demands an act in return
What is a bilateral offer?
A promise which demands a promise in return
What is a co lateral offer?
A promise to enter into a minor contract in return for a promise to form a major contract
What was the significance of PSGB V BOOTS?
Good on a shelf or not capable of accptance
What was the significance of Carlill v Carbolic?
A advert was capable of acceptance as it was a general offer to the world at large. Which then became a unilateral offer
What was the significance of Lefkowits v GMS
An advert is capable of acceptance
