Offer

Without offer and acceptance there can be no contract and so it is essential that the law provides rules to identify what constitutes both an offer and an acceptance. An offer may be defined as a statement of willingness to contract on specified terms made with the intention that, if accepted, it shall become a binding contract. An offer may be express or implied from conduct. In many cases it is crucial to determine when and where a contract is actually formed and this too needs rules. In the vast

An offer is when a person or company proposes a deal. The offeror is the one who creates the offer, while the offeree is the one whom the offer is directed towards. Under the common law, there are statements that do not amount to an offer, problems with the definiteness with an offer, the termination of offers, and the acceptance of offers. Also keep in mind that under the Uniform Commercial Code there are different rules regulating offers and acceptance with the sale of goods. First, let’s define

0 Offer An offer is a representation of willingness to contract on certain terms. Offer must be made with an intention and it will become binding upon acceptance. Some offers anticipate not another promise being returned in exchange, however, the performance of an act or forbearance from taking action. The person is making an offer is called the offeror, and the person to whom the offer is made. It called offeree. A communication will be treated as the offer if it stimuli the terms on which the offeror

In the short play, “Tender Offer” by Wendy Wasserstein, is a drama play about a father and daughter’s relationship. Paul is a 35-year-old businessman, who puts work before anyone and isn’t around much for his daughter Lisa. Lisa is a nine-year-old girl who is all alone in the dance studio after her father missed her dance recital. Lisa and Paul don’t spend enough family time together since he is always too busy with work. This leads to Lisa not wanting to spend time with him since she feels as though

Case 10-10 An Offer You Can’t Refuse Fast Eddie, a publicly held company, manufactures and installs refrigeration systems for governmental and commercial applications. Fast Eddie is being investigated by a governmental agency for overpricing on government sales during the period from 2007 through 2009 as well as allegations of misrepresentations by one of Fast Eddie’s former officers, Sweet Lou. The criminal and civil investigations began in late 2009. In the prior fiscal year, the company’s auditors

Offer and acceptance There are six elements of an enforceable contract and we will discuss one of them which is offer and acceptance. As we learned in the class offer and acceptance defined as a ' 'proposal made by one party to another party that designates a disposition to enter into a contract and a designation made by the offeree that he or she concurs to be bound by the terms of the offer ' '. This research, will discuss the requirement for a valid offer and acceptance, bid, advertising and

formation of a contract requires offer and acceptance in order to become legally binding. An offer is an expression of willingness to contract on specified terms made with the intention that it is to become legally binding as soon as it is accepted by the person to whom it is addressed. The advert above is a unilateral contract as “one party assumes an obligation under the contract”. Consideration is the act of performance in accordance with the terms of the offer, in this case acceptance would take

The offer and acceptance model is flawed- only an agreement is necessary. In order to fully comprehend this statement, we must first establish what constitutes and offer and what constitutes acceptance. “An offer is a statement by one party of willingness to enter into a contract on stated terms, provided that these terms are, in turn, accepted by the party to whom the offer is addressed”. Acceptance is “…an unqualified expression of ascent to the terms proposed by the offeror”. The “Offer and acceptance

An offer is when a person or company proposes a deal. The offeror is the one who creates the offer, while the offeree is the one whom the offer is directed towards. Under the common law there are statements that do not amount to an offer, problems with the definiteness in an offer, the termination of offers, and the acceptance of offers. Also keep in mind that under the Uniform Commercial Code there are different rules regulating offers and acceptance with the sale of goods. First let’s define

The offer fails to exist when the conditions are not favoured, which will be listed in the following. Lapse of time An offer will lapse and invalid at the specified time stated in the offer, or for the offer has no time stipulated ,at the end of a reasonable time which depends on the subject matter, means of communication and other circumstances. In Ramsgate v Montefiore(1866),Montefiore applied for shares in the hotel company. He had not received any news before he received a letter of acceptance