Offer and acceptance ppt

According to Oxford Dictionary of Law, acceptance means agreements to the terms of an offer that, provided certain other requirements are fulfille converts the offer into a legally binding contract. What is offer and acceptance? A proposal, when accepted becomes a promise. Contract law: Notes with case law. University of London.

The offeror , as the master of the offer , has the power to specify the precise time, place, and manner in which acceptance must be communicated. Acceptance may be Express and Implied. This is called stipulation. If the offeror stipulates a particular manner of acceptance , the offeree must respond in this way to form a valid acceptance. Chapter offer and acceptance - as Powerpoint Presentation (. ppt ), PDF File (.pdf), Text File (.txt) or view presentation slides online.

The offeror, as the master of the offer , has the power to specify the precise time, place, and manner in which acceptance must be communicated. In this sense, this acceptance of the offer (the letter sent by Julian, accepting the offer made in the advert) is also an offer , which has been made to Quentin. It is an offer in that it sets out conditions which must be met before any invited acceptance is a valid one. Offer and acceptance analysis is a traditional approach in contract law used to determine whether an agreement exists between two parties. An offer is an indication by one person to another of their willingness to contract on certain terms without further negotiations.

A contract is then formed if there is express or implied agreement. One party, the offeror, makes an offer which once accepted by another party, the offeree, creates a binding contract. However, it is sometimes difficult to see when acceptance takes place, as it does not always need to be communicated in words – it may be conduct. Resource is suitable for both A level and foundation degree level and this detailed problem question can be used as an assessment activity.

An acceptance of the original offer brings the offer to an end and creates an agreement between the parties. The acceptance must be a mirror image of the original offer. Offer is an expression of eagerness to enter a statement that includes terms and conditions which will bind both participating parties after the acceptance by the relevant person. On the other han acceptance is like a promise to be bound with the presented terms and conditions included in the offer.

Time stated in offer –acceptance must be received by offeror by date in offer 3. Reasonable length of time –circumstances and product determine “reasonable” (ex. tomatoes vs. truck) 4. Rejection by offeree –after offer is rejecte offer is terminated 5. An offer should be distinguished from an ‘invitation to treat’. An Offer is an expression of willingness to contract on certain terms. It is made with the intention that it will become binding, once it has been accepted. Offers can be specific or general. BA1 undergraduate.

Presumption of the offer: – The offeror cannot pressure the offer is accepted if the offeree does not accept for a certain period. And the person who may accept such an offer will be the “promisee” or the “acceptor”. Only willingness is not enough.