12 Questions
What distinguishes an agreement from a contract?
Intention, consideration, and legality of purpose
Which elements are necessary for an agreement to constitute a contract?
Offer, acceptance, and consideration
What is the crucial aspect that makes an offer legally binding?
Acceptance by the other party
What distinguishes 'puffs' from offers in the context of a contract?
Exaggerated claims and assertions
Which is not a reason that may prevent an agreement from being considered a contract?
Presence of oral terms
What is the primary factor that differentiates an offer from a puff?
'Exaggerated claims' in marketing
In the case of Carlill v Carbolic Smoke Ball Co., what did the court determine about the advertisement offering a reward for using the smoke ball?
The lady's acceptance of the offer created a valid contract.
Why did the court consider the advertisement in Leonard v PepsiCo to be a puff rather than a serious offer?
The advertisement featured an unrealistic scenario, making it clear it was exaggerated.
In Pharmaceutical Society of Great Britain v Boots Cash Chemists (Southern) Ltd, why did the Pharmaceutical Society accuse Boots Chemists of making an offer instead of an invitation to treat?
Boots Chemists failed to supervise the sale of medications as required by law.
What distinguishes an invitation to treat from an offer according to the information provided?
An offer is a serious indication of willingness to enter into a contract, while an invitation to treat is merely an expression of interest in starting negotiations.
Why did the court in Carlill v Carbolic Smoke Ball Co. conclude that the advertisement constituted a genuine offer?
Accepting and using the smoke ball as directed amounted to an acceptance of the offer.
Auctions are typically considered as ________ according to the information provided.
Invitations to treat
Learn the basics of contract law, including the definition of a contract and the difference between a contract and an agreement. Understand the essential elements required for a valid contract.
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