Business Law

Topics: Contract, Contract law, Offer and acceptance Pages: 106 (28932 words) Published: May 7, 2013
Cliffnotes
Contract Law
The University of Hong Kong

Contract Law Cliffnotes

The University of Hong Kong

Contents Page
Introduction to Contract .................................................................................10 The Process.............................................................................................................................10 Formation of an Agreement................................................................................................11 Bilateral Contracts – 2 promisors ...................................................................................................11 Unilateral Contracts – 1 promisor ..................................................................................................11 ‘Offer’..................................................................................................................................................11 ‘Acceptance’ .......................................................................................................................................11 Cross Offers.......................................................................................................................................11

Offers and Invitations to Treat...........................................................................................12 Bilateral contracts ..............................................................................................................................12 Unilateral contracts ...........................................................................................................................12

Difficult unilateral contracts................................................................................................13 Revocation..........................................................................................................................................13

Offers in Bilateral Contracts................................................................................................13 Acceptance in Bilateral Contracts ......................................................................................13 When acceptance takes effect .........................................................................................................13 The Postal Rule .................................................................................................................................14 Instantaneous Communications .....................................................................................................14 Method of Acceptance .....................................................................................................................14

Duration of an Offer.............................................................................................................15 Withdrawal .........................................................................................................................................15 Death...................................................................................................................................................16

Finality, Completeness....................................................................................16 Completing the Terms..........................................................................................................16 Limitations..........................................................................................................................................17

Date of Completion ..............................................................................................................17 Negotiation..............................................................................................................................17 “Subject to Contract”............................................................................................................17...

Cited: 20 September, 2005
Page 76 of 96
20 September, 2005
Page 77 of 96
20 September, 2005
Page 78 of 96
20 September, 2005
Page 79 of 96
20 September, 2005
Page 80 of 96
20 September, 2005
Page 81 of 96
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