Business Studie-Offer

tudie SELF-TEST QUESTIONS - Offer

1. What is an offer?

2. What is an invitation to treat?

3. List the factors that the court will take into account in distinguishing between an offer and an invitation to treat?

4. Name a case which is authority for the rule that a request for tenders is an invitation to treat.

5. What is the effect of the distinction between offer and invitation to treat?

6. Is possible to make an offer to the whole world? Self-test Questions – uNILATERAL OFFERS

1. Define a unilateral contract.

2. Must acceptance of an offer of a unilateral contract be communicated to the offeror?

3. What are the arguments for contending that an offer of a unilateral contract may not be revoked once acceptance has commenced?

Self-Test Questions - Acceptance

1. Define acceptance.

2. Explain what is meant by a counter-offer.

3. What is the general rule concerning communication of acceptance?

4. What is the postal rule?

5. In what circumstances does the postal rule apply?

6. If an offeror stipulates in an offer that acceptance is to be sent by recorded delivery, is a telephoned acceptance valid?

7. How is it possible to exclude the operation of the postal rule?

Self-test Questions – uNILATERAL OFFERS

1. Define a unilateral contract.

2. Must acceptance of an offer of a unilateral contract be communicated to the offeror?

3. What are the arguments for contending that an offer of a unilateral contract may not be revoked once acceptance has commenced? Self-test Questions - Termination of offer

1. In what ways may an offer be terminated?

2. What constitutes revocation of offer?

3. Does the postal rule apply to posted letters of revocation?

4. Is an offeror bound to keep an offer open for the length of time stipulated in an offer?

5. If an offer does not state a