Study guide
Offer and Acceptance Revision
- Course
- Institution
Offer and acceptance revision guide, this helped me achieve a high 2:1.
[Show more]
Seller
Follow
malaga989
Reviews received
Content preview
Offer and Acccetaance ee aerms:cTerm Definitii / rulee
Offer Trieaal – “an extres:s:ion of a willingnes:s: ao conaraca on s:tecifed aerms:s made wiat ate inaenton ao be
legall bound as: s:oon as: ate offer is: accetaed”.
Acn offer mus:a be clears ceraain and be catable of accetaance.
Can be writen or oral.
Can be made ao one ters:ons a s:tecifed grout or ao ate world aa large.
Acccetaance Acccetaance is: wtaa aurns: a s:tecifc offers made wiat inaenton ao be bounds inao an agreemena.
Extres:s:ion of inaenton ao as:s:ena ao ate offers in res:tons:e ao ate offers and maact aerms: of ate offer
(mirror image rule). If mirror image rule is: noa s:ats:feds atere is: no valid accetaance.
Acccetaance mus:a be communicaaed effectvel .
Conditonal Acccetaance Often before an individual enaers: inao a conaracas
Acgreemena us:uall arrived aa is: ‘s:ubjeca ao conaraca’s
Neiater a full accetaance nor a counaer offer.
Pos:aal Rule Rules: as: ate s:aandc
1. Tte offer mus:a be communicaaeds
2. Acccetaance b tos:a aaees: affeca as: s:oon as: ate leter is: tos:aeds
3. If ate leter is: dela ed due ao ate faula of ate offerees accetaance will aaee effeca wten ate leter is:
received.
Counaer offer Tes:ac is: ate offeree turtortng ao acceta bua aa ate s:ame tme ctanging ate aerms:?
Reques:a for furater informaton Tes:ac is: ate offeree ar ing ao decide wteater te can acceta b s:eeeing ao negotaae on ate offer aerms:?
Silence as: accetaance Silence is: noa us:uall s:ufciena for accetaances bua atere are 3 excettons: ao atis: rule in bilaaeral conaracas:c
1. If atere tas: been a cours:e of dealing wtereb ate offeree tas: aaeen benefa of ate s:ervices: offered –
s:ilence would cons:tauae accetaance.
2. If ia is: ate offeree wto is: s:eeeing ao told ate offeror ao ate offeror’s: s:ttulaton – s:ilence would cons:tauae
accetaance.
3. If ia was: ate offeree raater atan ate offeror wto s:ugges:aed ate s:ilence – aten offeree’s: s:ilence would
cons:tauae accetaance.
Bilaaeral conaraca Acn exctange of tromis:es:s e.g. I will ta ou £500 wten ou deliver our car ao me.
Unilaaeral conaraca Pa mena ao terform a ceraain acas e.g. I will ta ou £500 ao wale ao Yore.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller malaga989. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.13. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76449 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now