Law of contract

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24 Terms

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acceptance

unconditional agreement to all the terms of an offer

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contract

an agreement between two parties which is binding in law and therefore enforceable in court

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breach of contract

when a party fails to carry out any obligations under the contract or in carrying it out they fail to do what they are supposed to do

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express terms

created from the parties themselves

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implied terms

any presumption by the parties of the agreement

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conditions

fundamental terms of a contract to make it work

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warranties

lesser terms and are generally descriptive

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what a contract is made up of

an agreement, an intention to create legal relations, consideration and privity of contract

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offer definition

an expression of willingness from one party to contract on certain terms with intention to create a legally binding contract

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invitation to treat definition

the early stages of forming the agreement are often not considered to be offers but simply invitations to parties for offers

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fisher v Bell 1961

goods on display are in invitation to treat unless explicitly stated. Fishing for invitations

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Partridge v Crittenden 1968

Adverts in newspapers are in invitation to treat. Crazy birdman invitation

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Carbolic smoke ball 1893

the advert was an example of a unilateral offer as the wording was too specific to be an invitation to treat

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Hyde v Wrench 1840

the original offer was rejected by a counter offer

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Pretty Pictures 2003

the use of emails to accept a contract when clearly stating to use post is not acceptance

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taylor v laird 1856

the offer was not communicated to the offeree so there was no contact to enforce

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montefiore 1866

although the offer had not been withdrawn, the time between the offer and acceptance was extreme

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Dickinson v Dodds 1867

the offeror is available to withdraw their offer at any time before acceptance

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