Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

17 Questions

1 Views

Valid Offer Definition in Contract Law

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What terminates an offer by cancellation of the possibility of acceptance?

Revocation by the offeror

Acceptance by the offeree

Rejection or counter offer (correct)

Unilateral contracts

According to the common law principle, what can revoke an offer despite a promise to keep it open?

Revocation by a reliable third party

Communication of rejection

Revocation by the offeror (correct)

Unilateral contracts

In which case can a reliable third party communicate the revocation of an offer?

When the offeror is unavailable

When the offeror personally informs the offeree

When a counteroffer is made

When the offeree accepts the offer (correct)

What could potentially cause problems related to revocation in contracts?

Unilateral contracts Signup and view all the answers

Which event effectively cancels out the possibility of acceptance of an offer?

Counteroffer communication Signup and view all the answers

Which scenario would make an offer incapable of acceptance?

Death of the offeror Signup and view all the answers

In which case may an offer lapse due to the passage of time?

Ramsgate Victoria Hotel v Montefiore Signup and view all the answers

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 Signup and view all the answers

When does an offer become incapable of acceptance if it is conditional?

Upon satisfaction of the condition in the offer Signup and view all the answers

Under what circumstances can an offeree validly accept an offer after the death of the offeror?

If the contract involves personal services Signup and view all the answers

Why might an offer terminate automatically?

Due to a failure of a condition in the offer Signup and view all the answers

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. Signup and view all the answers

What is a crucial requirement for a valid offer?

The offer must be communicated so that the offeree may accept or reject it. Signup and view all the answers

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. Signup and view all the answers

How can an offer be communicated according to the text?

Orally, in writing, or through conduct. Signup and view all the answers

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. Signup and view all the answers

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. Signup and view all the answers