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Offer Notes

Law Notes > Contract Notes

This is an extract of our Offer document, which we sell as part of our Contract Notes collection written by the top tier of Griffith University students.

The following is a more accessble plain text extract of the PDF sample above, taken from our Contract Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:

OFFER


BILATERAL

CONTRACT


Both

parties

assume

an

obligation


under

the

contract


Both

parties

are

obliged

to

do


something

(obligations

are

executory)

A

will

buy

IF

B

will

sell

UNILATERAL

CONTRACT


Only

one

party

assumes

an

obligation


under

the

contract


Only

one

party

is

obliged

to

do


anything

(obligations

of

the

offeree

are


executed

and

have

already

been


performed

when

the

contract

is


formed)


Lost

Dog:

one

party

is

obliged

to

pay

the


reward

if

the

dog

is

found

*

*

*

*

*

*

Offer:

a

statement

of

the

terms

upon

which

the

offeror

is

prepared

to

be


bound

if

acceptance

is

communicated

while

the

offer

remains

alive


o Nielsen

v

Dysart

Timbers

Ltd


Can

be

EXPRESSED

or

IMPLIED


o Expressed

-

in

writing

or

verbal


o Implied

-

through

conduct


Put

forward

a

proposal

for

consideration


Offeree

must

be

able

to

choose

to

accept

of

not


o not

a

command


Intention


o determined

objectively


Offeree

must

have

knowledge

of

the

offer


o communicated


SS? Fitch

v

Snedaker

To

whom

can

an

offer

be

made?

* Individuals

* Groups

of

people

* General

public


o world

at

large


o Carlill

v

Carbolic

Smoke

* ONLY

THE

PERSON

FOR

WHOM

THE

OFFER

IS

MADE

CAN

ACCEPT

IT

* In

some

cases

there

is

no

clear

offer

and

acceptance,

but

there

can

be

a


contact

if

the

parties

have

reached

a

final

agreement


o Clarke

v

Dunraven

* In

the

absence

of

clear

offer

and

acceptance,

is

there

an

agreement


between

parties?

PAGE

45

Buy the full version of these notes or essay plans and more in our Contract Notes.