F4_Chapter1~4_讲义.ppt

Slide * Termination of offer Rejection Counter-offer An acceptance which introduces any new terms is a counter-offer. Request for information such a request may be a request as to whether or not other terms would be acceptable—it is not a counter-offer Slide * Termination of offer Lapse of time An offer may be expressed to last for a specified time. If, however, there is no express time limit set, it expires after a reasonable time. Slide * Termination of offer Revocation of an offer The offeror may revoke his offer at any time before acceptance, even though the time limit had not expired. Revocation may be an express statement or may be an act of the offeror. His revocation does not take effect until the revocation is communicated to the offeree. Slide * Termination of offer Postal rules 10.1 Letter posted in Cardiff, offering to sell 1000 boxes of tinplate 10.8 letter of revocation of offer posted in Cardiff 10.11 letter of offer received in New York and telegram of acceptance sent 10.15 letter confirming acceptance posted in New York 10.20 Letter of revocation received in New York. The offeree had meanwhile resold the contract goods. Slide * Termination of offer Revocation of offer may be communicated by any third party who is a sufficiently reliable informant. Failure of a condition Termination by death Slide * Acceptance 4 5 Acceptance Define Communication Brogden v Metropolitan Railway Co Felthouse v Bindley Define Communication Slide * Acceptance Defined as A positive act by a person to whom an offer has been made which, if unconditional, brings a binding contract into effect. ● The contract comes into effect once the offeree has accepted the terms presented to them. This is the point of no return,after acceptance, the offeror cannot withdraw their offer and both parties will be bound by the terms that they have agredd. Slide * Acceptance Acceptance may be by express words, by action or inferred from conduct Act to indicate off