Offer Flashcards
(5 cards)
Define offer
An offer is a statement of all the terms which you are willing to be bound by. It must be clear certain and communicated (Gibson vs MCC)
Offer side rules
- Counter offer- rejects the original and creates a new offer (Hyde vs Wrench)
- Revocation- can be withdrawn any time before acceptance takes place, but this must be communicated- even if by a third party (Dickinson vs Dodds)
-Rejection- must be a clear rejection and must be communicated (Stevenson vs Mclean)
-Lapse of time- if the offer has a time limit and that runs out, otherwise it will end after a reasonable period of time (Ramsgate vs Victoria Hotel)
-Death- of the offeror but the offer can still be accepted until the offeree knows about the death.
Define ITT
An invitation to treat is not an offer. It simply invites the other party to make an offer which can then be accepted or rejected.
3 types of ITT
1- Adverts will be an offer if (Partridge vs Crittenden)- unless they are made to a specific group of people, or it is a unilateral offer
2- Items on display (Fisher vs Bell)
3-Auctions (BCA vs Wright)
Request for information
(Harvey vs Facey) rules that a request for information and a response to this request is not an offer
-Exam tip= after request for info is made, check for offer later on in scenario