Law of Offers and Acceptance
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Questions and Answers

What is required for an agreement to be valid?

  • An intention to form a contract
  • An offer that has been declined
  • Both parties must sign a contract
  • An offer which has been accepted (correct)

    • In the case of Moran v University College Salford, why did Mr. Moran sell his house and move to Manchester?

  • Because he received multiple conditional offers
  • To attend a different university
  • To start a new job in Manchester
  • Due to a mistake in the offer from University College Salford (correct)

    • What did the court hold in the case of Smith v Hughes?

  • The offer was invalid due to currency dispute
  • The offer was not legally binding
  • The offer was intended to be in USD but mistakenly written in pounds
  • The offer was intended to be in pounds but mistakenly written in USD (correct)

    • What led to the dispute in OT Africa Line Ltd v Vickers plc?

    <p>Mistake about the currency</p> Signup and view all the answers

    Which factor is considered when assessing an agreement?

    <p>Objective assessment based on available facts</p> Signup and view all the answers

    What determines whether an offer has been made in a specific currency?

    <p>An objective assessment based on all available facts</p> Signup and view all the answers

    What is an offer in the context of contract law?

    <p>An indication of willingness to enter a legally binding contract.</p> Signup and view all the answers

    Which of the following scenarios does NOT constitute an offer?

    <p>A statement expressing willingness to consider selling a property.</p> Signup and view all the answers

    In contract law, what is the significance of 'intention to be bound' in relation to an offer?

    <p>It signifies readiness to enter into a legally binding contract.</p> Signup and view all the answers

    Which of the following statements would NOT likely be considered an offer in contract law?

    <p>'It would not be possible for me to sell unless I was to receive $16,000 cash.'</p> Signup and view all the answers

    In the case of Carlill v Carbolic Smoke Ball Co., what was the outcome regarding the advertisement for the smoke ball product?

    <p>The advertisement was deemed an offer, and completing the conditions accepted the offer.</p> Signup and view all the answers

    What does the objective assessment in contract law entail in determining whether an offer has been made?

    <p>Evaluating the commercial sense of construing an offer based on objective standards.</p> Signup and view all the answers

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