Section 14: Sales

Question 1

Sales Contract - Offer

Answer 1

• Terms can be vague
  
  • standard trade practive
  • Past experience
    
    • Need not be definite as in Common Law

Question 2

Firm Offer

Answer 2

• Cannot be revoked even if no consideration
• Three conditions must be satisfied
  
  • Signed promise
  • Up to 3 months
  • Merchant

Question 3

Acceptance

Answer 3

• Can have minor changes to original offer
  
  • Payment terms
  • Change in warranty
• Major changes are not ok

Question 4

Merhant is bound by

Answer 4

Silence

Non-Merchant is not