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PAGE
PAGE #
Contract Law Notes
Contracts ‘ A
Page 9Page 9Page 10Offer
Page 9
Page 9
Page 10
Bilateral con tracts
Un ilateral con tracts
Offers to the public at large
What is an offer?
-Mere puff
Supply of in formati on
In vitati on to treat
Categoriz ing tran sacti ons
Advertiseme nts
Advertisements in a catalogue or a curricular
Advertisements in newspapers or magazines
Advertisements appearing on the internet
Display of goods
-Aucti ons
Advertisement of auction
Auctions with reserves
Auctions without a reserve
-Ten deri ng
Sta nding offers
Opti ons
Page 12Page 13
Page 12
Page 13
Termin atio n of an offer
An offer may be term in ated by
Revocation by the offeror
Rejected by the offeree
Lapse of time
Failure of a condition subject to which the offer was made
Death
Page 14Page14Page14Acceptance
Page 14
Page14
Page14
Requireme nts of accepta nee
Accepta nee must corresp ond to offer
- Offeree must have kno wledge of and act in relia nee to an offer
A coun ter offer is not accepta nee
Accepta nee must be unq ualified
Mere enquiry does not con stitute accepta nee
Notificatio n to the offerer of the fact of accepta nee
Method of accepta nee
Method of acceptanee stipulated by offer
Acceptanee by silenee
Accepta nee by eon duct
In sta ntan eous commun icatio n: Accepta nee must be com muni cated
General rule
Meaning of in sta ntan eous com muni cati on
Postal accepta nee rule
Statement of the rule
Policy behind the rule
To what com muni cati on does the rule exte nd
Where is the rule displaced
Revocation of acceptanee prior to receipt
Page 16Accepta nee in un ilateral eon tracts
Page 16
Accepta nee com monly by eon duct
Withdrawal of an offer after accepta nee has comme need
Who may accept an offer?
Con tract formatio n: time and place
- In sta ntan eous com muni cati on
-Post
Certainty and Completeness
Stateme nt of the rule
Facets to the prin cipal
Ambiguity and un certa in ties
In dividual terms
Agreeme nts to n egotiate
Saving ambiguous, un certa in or meanin gle
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