Offer and acceptance

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8 Terms

1
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What is an offer, according to Professor Treitel?

An expression of willingness to contract on specific end terms, made with the intention it shall become binding as soon as it is accepted by the person who it is addressed.

<p>An <span style="color: purple;"><strong>expression of willingness to contract on specific end terms</strong></span>, made with the intention it shall <span style="color: purple;"><strong>become binding as soon as it is accepted</strong></span> by the person who it is addressed.</p>
2
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According to Professor Treitel, when is an agreement made?

‘When one party accepts an offer made by the other party’

<p>‘When one party <span style="color: purple;"><strong>accepts an offer</strong></span> made by the other party’</p>
3
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What is a bilateral offer?

An offer or promise in exchange for another offer

4
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What is a unilateral offer?

Promise in return for a performed act

5
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What is an invitation to treat?

An invitation from an advertisement

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