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Guthing v. Lynn
offer must be firm and not a negociating point
WN Hillas &Co LTD v. Arcos LTD
Clarifications of the offer
Patridge v. Crittenden
ad = invitation to treat
Grainger &Son v. Gough
Price list =/= offer
Pharmaceutical society v. Boots
displays =/= offer
Dickinson v. Dodds
Third party for revocation of the offer before acceptance
Errington v. Errington woods
Starting of performance
Hotel Montefiore
Lapse of time
Butler v. Ex-Cell-O corp.
Mirror
Hyde v. wrench
counteroffer if you change one thing
Stevenson McLean
Further info =/= counteroffer
Felthouse v. Bindey
silence =/= acceptance
Entores v. Miles Fast East Corp
Start when actually received
The Brimnes
Business hours
Adam v. Lindsell
Properly posted (stamped + addressed)
Holwell Securites v. Hughes
Exception : require actual communication
Tinn v. Hoffman
equally effective
Offer
an expression of willingness to contract on specified terms, made with the intention that it becomes binding as soon as it is accepted
Contract
A legally enforceable agreement between two or more parties. It can be written, verbal, or implied by conduct. Most contract don’t require any special formality, though certain types must be in writing, by deed, or evidenced in writing to be enforceable
Conditions to a legally enforceable agreement
offer
acceptance
consideration
intention to create legal relations
certainty as to the terms of the agreement
capacity
contract must be legal in itself
complience with the requirede formalities
2 types of consideration
executory consideration : exchange with something yet to be done
exectuted consideration : the act in exchange is done
Roscola v. Thomas
promise after the act is voluntarily performed : not valid
Re Mc Ardle
Promise / consideration can not be made after the act is done / executed
Re Casey’s Patent
Exception to past consideration : both parties understand that payment will be made
Requirements of consideration
real
tangible
valuable
no need for an adequacy of consideration
White v. Bluett
The value of the consideration is valuable in the eye of the law
Exception of past consideration declared enforceable by the judge
existing public duties
contractual duty owed to a third party
duty imposed by law
High Trees case
Promissory estoppel : allows someone to stop another to follow their promise
Conditions of promissory estoppel
contractual relationship
obvious promise from the promisor not to enforce his full legal rights
promise can be implied by conduct (but not silence nor failure to act)
promisee acts in reliance on the promise
Contracts in violation of common / statutory law
against public policy
unenforceable
no existence in law
no legal action possible
The contract is declared by the courts to have never existed because of a vitiating factor
Void
The victim of the vitiating factor in the contract can choose to let the contract stand or not
Voidable
Conditions of misrepresentation
statement is false
does not come from silence, except contract in which the utmost good faith is required : ex : insurance company
Statement of fact, not of law
Inducement
Mistake
objectively assessed by the courts
must happen before the contract is completed
of fact and of law
Shared mistake
Void
Mistake that relates to the existence of the subject matter (roots) of the contract
Fundamental mistake : void
Ownership mistake
Rare, void