Auction Sale Act: Section 4 Stipulations
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Questions and Answers

What is the essential requirement for a valid offer according to NTHC Ltd v Antwi?

  • Acceptance by the offeree
  • Oral communication
  • Communication to the offeree (correct)
  • Written communication

In Taylor v Laird (1856), why did the owners of the ship not have to pay the master for his assistance?

  • The offer to assist was not communicated to the owners (correct)
  • The owners rejected the master's offer
  • The owners were not aware of the assistance provided
  • The master did not offer assistance in writing

How can an offer be communicated according to the text?

  • Through actions only
  • In writing only
  • Verbally only
  • In writing, orally, or by conduct (correct)

In Carlill v Carbolic Smoke Ball Company (1893), what did the defendants offer in their advertisement?

<p>£100 for using their smoke balls and getting influenza (C)</p> Signup and view all the answers

What did the court do in NTHC Ltd v Antwi to determine when the offer was made?

<p>Interrogated various statements (D)</p> Signup and view all the answers

Why were the owners in Taylor v Laird not obligated to pay for the master's assistance?

<p>The master never communicated his offer to assist (B)</p> Signup and view all the answers

What is the significance of price lists, catalogues, and brochures in the context of contract law?

<p>They constitute invitations to treat. (B)</p> Signup and view all the answers

In the case of Grainger & Son v Gough (1896), what was the legal status of price lists, catalogues, and brochures?

<p>They were deemed invitations to treat. (B)</p> Signup and view all the answers

What is the distinction between goods displayed at an auction and bids made by attendees?

<p>Goods displayed are invitations to treat; bids are offers. (C)</p> Signup and view all the answers

According to the case of PAYNE v CAVE (1789), what constituted the offer in an auction sale?

<p>The withdrawal of a bid before acceptance. (C)</p> Signup and view all the answers

In HARRIS v NICKERSON (1873), why did Harris sue the auctioneer?

<p>For the loss of time and expenses incurred at a withdrawn sale. (A)</p> Signup and view all the answers

Why was there no contract formed in the case of Cave withdrawing his bid at an auction?

<p>The withdrawal occurred before the auctioneer's acceptance. (D)</p> Signup and view all the answers

What is one way an offer can be terminated?

<p>By rejection duly communicated (C)</p> Signup and view all the answers

In what situation is revocation of an offer ineffective?

<p>When the offeror promises to keep the offer open (A)</p> Signup and view all the answers

According to Section 8 of the Contract Act, 1960, how has the common law principle regarding revocation been modified?

<p>Revocation is ineffective unless communicated to the offeree. (A)</p> Signup and view all the answers

In the case Dickson v Dodds, who can inform the offeree of the revocation of an offer?

<p>Any reliable third party (B)</p> Signup and view all the answers

What kind of contracts may cause issues regarding revocation?

<p>Unilateral contracts (C)</p> Signup and view all the answers

When is revocation of an offer deemed effective if sent by post?

<p>When it arrives (B)</p> Signup and view all the answers

When is a sale by auction deemed to be complete?

<p>When the auctioneer announces its completion by the fall of the hammer (B)</p> Signup and view all the answers

What is the implication of a sale being expressed as 'without reserve'?

<p>The highest bona fide bidder can buy the goods at the price bid (A)</p> Signup and view all the answers

In a sale with a reserve price, how many bids can the seller or their representative make?

<p>One bid only (A)</p> Signup and view all the answers

What action can any bidder take until the auctioneer announces the completion of the sale?

<p>Retract their bid (B)</p> Signup and view all the answers

What happens if a sale is notified to be subject to a reserve price?

<p>Only one bid is allowed from any bidder (B)</p> Signup and view all the answers

Under what condition can the seller or their representative bid in an auction?

<p>They can bid if a right to bid is expressly reserved (C)</p> Signup and view all the answers

What is the possible solution to the problem of revocation before acceptance is complete?

<p>Offer accompanied by an implied offer not to revoke (B)</p> Signup and view all the answers

Under what circumstances may an offer lapse?

<p>After a fixed period for which it was left open has elapsed (D)</p> Signup and view all the answers

What happens if the condition in an offer is not satisfied?

<p>The offer cannot be accepted (D)</p> Signup and view all the answers

In what situation can an offeree not accept an offer after being notified of the offeror’s death?

<p>If it is a contract for personal services (A)</p> Signup and view all the answers

What is the implication if death occurs to the offeree in a contract scenario?

<p>The offer terminates automatically (C)</p> Signup and view all the answers

How do English cases typically determine issues related to offers?

<p>By considering the intentions of the parties and circumstances of the case (D)</p> Signup and view all the answers

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