Contract Law: Standard Terms and Postal Rule
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Questions and Answers

What is the Postal Rule primarily concerned with?

  • Acceptance of a contract by post (correct)
  • Sending of the original offer by post
  • Payment for a contract by post
  • Delivery of the contract goods by post

    • In the context of contractual relations, what is considered consideration?

  • An agreement between parties
  • Money or anything with economic value (correct)
  • An offer made by one party
  • Acceptance of an offer

    • What does the Postal Rule dictate in terms of the acceptance of an offer?

  • Acceptance is effective after the letter is opened by the offeror
  • Acceptance is effective the moment the letter is posted (correct)
  • Acceptance is effective after a confirmation letter is sent back
  • Acceptance is effective once the letter is received by the offeror

    • What is one reason the Postal Rule might not apply in a contract situation?

    <p>If the offeror demands the acceptance to be emailed</p> Signup and view all the answers

    What is the essential outcome of an offer and acceptance in contract law?

    <p>Creation of a legally binding agreement</p> Signup and view all the answers

    In a contract situation, what is typically considered as the beginning of the acceptance process based on the Postal Rule?

    <p>When the acceptance letter is posted by the offeree</p> Signup and view all the answers

    In scenario 3, what action by Hina would have legally constituted acceptance of Eddie's offer?

    <p>Telephoning Eddie on 1st May to accept the offer.</p> Signup and view all the answers

    According to the general rule mentioned, in bilateral contracts, silence ___________

    <p>must be explicitly communicated for acceptance.</p> Signup and view all the answers

    In the context of website orders acceptance, what is a common problem related to acceptance?

    <p>Mismatched written terms between seller and buyer.</p> Signup and view all the answers

    The 'Battle of the Forms' issue typically arises due to __________

    <p>Competing and differing standard written terms.</p> Signup and view all the answers

    In the postal rule, acceptance is considered valid when __________

    <p>The acceptance is posted regardless of offeror's receipt.</p> Signup and view all the answers

    What is the significance of a full and final agreement in relation to offer acceptance?

    <p>It ensures that all terms of the offer are understood and agreed to.</p> Signup and view all the answers

    What is a bilateral offer?

    <p>A promise in return for a promise</p> Signup and view all the answers

    What is the purpose of an invitation to treat?

    <p>To encourage someone to make an offer</p> Signup and view all the answers

    What is an example of an invitation to treat?

    <p>An auctioneer's call for bids</p> Signup and view all the answers

    In the case of Carlill v Carbolic Smoke Ball Co., what was the outcome?

    <p>The court ruled that the advertisement was an offer</p> Signup and view all the answers

    What is the significance of the case of Fisher v Bell?

    <p>It ruled that displays of goods are invitations to treat</p> Signup and view all the answers

    What is the purpose of the Sale of Goods Act (1979)?

    <p>To regulate the sale of goods</p> Signup and view all the answers

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