Requirements Flashcards
1
Q
5 requirements
A
offer
acceptance
consideration
provity
intention
2
Q
offer+acceptance=agreement
A
this is the basis of a contract, and then the other three requirements are considered
3
Q
offer
A
starting point for a contract
law sets out what an offer is, when an offer exists, and when an offer comes to its end
4
Q
why must offers must be definitive?
A
if there is uncertainty it’s unlikely that the statement is an invitation not an offer (eg. ‘may be able to’, ‘might be prepared to’
5
Q
offeror definition
A
person making the offer
6
Q
offeree definition
A
person who can choose to accept the offer
