17 Questions
What terminates an offer by cancellation of the possibility of acceptance?
Rejection or counter offer
According to the common law principle, what can revoke an offer despite a promise to keep it open?
Revocation by the offeror
In which case can a reliable third party communicate the revocation of an offer?
When the offeree accepts the offer
What could potentially cause problems related to revocation in contracts?
Unilateral contracts
Which event effectively cancels out the possibility of acceptance of an offer?
Counteroffer communication
Which scenario would make an offer incapable of acceptance?
Death of the offeror
In which case may an offer lapse due to the passage of time?
Ramsgate Victoria Hotel v Montefiore
What does the two contract theory imply?
Offer accompanied by another implied offer not to revoke provided the offeree begins the task within reasonable time
When does an offer become incapable of acceptance if it is conditional?
Upon satisfaction of the condition in the offer
Under what circumstances can an offeree validly accept an offer after the death of the offeror?
If the contract involves personal services
Why might an offer terminate automatically?
Due to a failure of a condition in the offer
How is an offer defined?
An indication by the offeror that they are prepared to be bound by a contract in terms expressed in the offer.
What is a crucial requirement for a valid offer?
The offer must be communicated so that the offeree may accept or reject it.
In Taylor v Laird (1856), why did the owners not have to pay for the master's assistance?
The owners did not communicate their acceptance of the offer to assist.
How can an offer be communicated according to the text?
Orally, in writing, or through conduct.
In Carlill v Carbolic Smoke Ball Company (1893), what did the defendants offer in their advertisement?
To pay money to anyone who contracted influenza from their product.
What should be done for the other party to accept or reject a valid offer?
The offer should be communicated so that the other party may accept or reject it.
Learn about the definition of a valid offer in contract law based on the NTHC Ltd v Antwi SCGLR 117, 125 case. Understand the importance of communication in making a valid offer and the process of acceptance or rejection by the offeree.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
