Termination of an offer Flashcards
1
Q
6 Ways an offer can be terminated
A
- Acceptance
- Refusal
- Counter offer
- Lapse of Time
- Death
- Revocation
2
Q
Def of acceptance
A
When the offeree accepts the offer unconditionally then the offer ends and the contract is formed
3
Q
Def of refusal
A
if the offeree refuses the offer then the offer ends
4
Q
Def of a counter offer
A
When an offeree replies to an offer by changing elements of the original offer
5
Q
Case for counter offer
A
Hyde V Wrench
