Online shopping

Question 1

What are the elements?

Answer 1

A binding contract existed, the contract was breached, the breach caused a loss, the loss or damage was suffered

Question 2

What are the elements that make a contract binding?

Answer 2

There was an offer, there was acceptance, there was consideration.

Question 3

What must exist for a contract to be binding (3 things)?

Answer 3

Must be capacity to contract, must be real consent contract must be legal.

Question 4

What does ‘offer’ refer to?

Answer 4

An oral or written statements that acts or indicates an offer has been made. Must be clearly communicated and can be withdrawn before acceptance.

Question 5

What does acceptance refer to?

Answer 5

accepted in form of oral or written statement. Must be in exact terms as offer.

Question 6

What does consideration refer to?

Answer 6

Something of value passes from one party to the other. e.g item to consumer, money to vendor.