Contract Law Week 2: Consensus - Offer and Acceptance

<p>It requires careful planning and documentation to meet specific requirements (C)</p> Signup and view all the answers

<p>It is a formal offer to complete the project (D)</p> Signup and view all the answers

<p>To promote efficiency and speed in construction (B)</p> Signup and view all the answers

<p>It must be made with the intention to be legally bound (D)</p> Signup and view all the answers

<p>They create a competitive environment for the selection of contractors (C)</p> Signup and view all the answers

<p>It ensures that the offer is clear and avoids potential disputes over its terms. (D)</p> Signup and view all the answers

<p>Written documentation of the offer (B)</p> Signup and view all the answers

<p>Based on the interpretation of a reasonable person. (C)</p> Signup and view all the answers

<p>It illustrated the objective standard of consensus in contract interpretation. (B)</p> Signup and view all the answers

<p>A mere statement of price does not constitute a valid offer. (C)</p> Signup and view all the answers

<p>The offeror becomes legally bound to the terms of the contract. (C)</p> Signup and view all the answers

<p>He advocated for a more objective approach to contract interpretation. (A)</p> Signup and view all the answers

<p>A salesperson says to a customer, &quot;I'm willing to give you a 10% discount.&quot; (B)</p> Signup and view all the answers

<p>Bids must adhere to the tender requirements outlined in the documents. (C)</p> Signup and view all the answers

<p>It gives the owner discretion in selecting compliant bids, even if they are not the lowest. (C)</p> Signup and view all the answers

<p>The agreement outlining the terms of the bidding process. (C)</p> Signup and view all the answers

<p>It violates Contract A and potentially leads to legal action. (A)</p> Signup and view all the answers

<p>It is incompatible with the obligation to accept only a compliant bid. (C)</p> Signup and view all the answers

<p>The terms of the construction work itself. (B)</p> Signup and view all the answers

<p>To provide the owner with the flexibility to choose a bid even if it is not the lowest. (C), To protect the owner from legal action by bidders who are not selected. (D)</p> Signup and view all the answers

<p>The bidder's personal relationship with the project owner. (B)</p> Signup and view all the answers

<p>Strict adherence to tender requirements is crucial for the validity of the process. (D)</p> Signup and view all the answers

<p>It creates uncertainty for bidders who have invested time and resources in preparing a bid. (D)</p> Signup and view all the answers

<p>The owner can renegotiate the terms of the contract to address compliance issues. (D)</p> Signup and view all the answers

<p>It can lead to inconsistencies in how bidders are treated, and even legal disputes. (D)</p> Signup and view all the answers

<p>To protect the interests of bidders and prevent owners from favoring specific bidders. (A)</p> Signup and view all the answers

<p>To ensure that the selected bid offers the best value for money. (A)</p> Signup and view all the answers

<p>The owner could reject bids deemed noncompliant, unserious, or impractical. (C)</p> Signup and view all the answers

<p>The importance of evaluating bids based on factors beyond just price. (A)</p> Signup and view all the answers

<p>It established that price quotations are not considered binding contracts because they are typically viewed as invitations to treat rather than offers. (B)</p> Signup and view all the answers

<p>The presence of clear commitment and lengthy negotiations among the parties contributed to the court finding an implied offer in <em>Canadian Dyers v. Burton</em>, which was absent in <em>Harvey v. Facey</em>. (D)</p> Signup and view all the answers

<p>The <em>Lefkowitz</em> case emphasized the importance of careful advertisements with fixed terms, limited availability, and specific quantity, which deviates from the general policy concerns surrounding most advertisements. (A)</p> Signup and view all the answers

<p>The display of goods on shelves in a retail setting is considered an invitation to treat, and the actual offer is made by the customer when they present the goods at the cash register. (A)</p> Signup and view all the answers

<p>The sale of a switchblade, which is prohibited. (C)</p> Signup and view all the answers

<p>The general public being targeted by the advertisement. (C)</p> Signup and view all the answers

<p>All the cases dealt with similar situations, but highlighted the importance of context and legal intent in determining the outcome. (A)</p> Signup and view all the answers

<p>The display of goods constitutes an invitation to treat, the consumer makes the offer by bringing the goods to the counter, and the retailer accepts by completing the transaction. (F)</p> Signup and view all the answers

<p>A contract is formed when the offeree accepts the offer and communicates that acceptance to the offeror. (D)</p> Signup and view all the answers

<p>The defendant issued a formal order, signifying acceptance. (A)</p> Signup and view all the answers

<p>Offerors can waive the requirement of communication of acceptance if they specify alternative conditions. (B)</p> Signup and view all the answers

<p>The acceptance was communicated by a method not specified in the offer, rendering it invalid. (A)</p> Signup and view all the answers

<p>The offeror is the master of the offer and can set specific conditions for acceptance. (D)</p> Signup and view all the answers

<p>The court established that acceptance can occur by various means, unless specifically restricted within the offer. (A)</p> Signup and view all the answers

<p>An offer can be revoked any time before acceptance is communicated. (C)</p> Signup and view all the answers