12 Questions
What is required for an agreement to be valid?
An offer which has been accepted
In the case of Moran v University College Salford, why did Mr. Moran sell his house and move to Manchester?
Due to a mistake in the offer from University College Salford
What did the court hold in the case of Smith v Hughes?
The offer was intended to be in pounds but mistakenly written in USD
What led to the dispute in OT Africa Line Ltd v Vickers plc?
Mistake about the currency
Which factor is considered when assessing an agreement?
Objective assessment based on available facts
What determines whether an offer has been made in a specific currency?
An objective assessment based on all available facts
What is an offer in the context of contract law?
An indication of willingness to enter a legally binding contract.
Which of the following scenarios does NOT constitute an offer?
A statement expressing willingness to consider selling a property.
In contract law, what is the significance of 'intention to be bound' in relation to an offer?
It signifies readiness to enter into a legally binding contract.
Which of the following statements would NOT likely be considered an offer in contract law?
'It would not be possible for me to sell unless I was to receive $16,000 cash.'
In the case of Carlill v Carbolic Smoke Ball Co., what was the outcome regarding the advertisement for the smoke ball product?
The advertisement was deemed an offer, and completing the conditions accepted the offer.
What does the objective assessment in contract law entail in determining whether an offer has been made?
Evaluating the commercial sense of construing an offer based on objective standards.
This quiz covers the fundamental concepts of offers and acceptance in the context of contract law. Learn about the importance of objective assessment in determining the validity of an offer, illustrated through legal cases such as Upton-on-Severn RDC v Powell and Moran v University College Salford.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
