Studied by 0 people
Looks like no one added any tags here yet for you.
What is meant by 'meeting of minds' in contract law?
It refers to 'consensus ad idem', indicating that both parties have a mutual understanding and agreement.
What is the difference between an agreement and a contract?
All contracts are agreements, but not all agreements are contracts.
What test do courts apply when determining if a contract is formed?
Courts apply an objective test, focusing on what was said and done outwardly, rather than the actual intent in a person's mind.
Define 'offer' in contract law.
An offer is an expression of willingness to contract on certain terms, intended to be binding upon acceptance.
What was the issue in Guthing v Lynn regarding the offer?
The offer concerning payment for a 'lucky' horse was too vague and thus unenforceable.
What did Lord Denning say regarding contract formation?
A contract is formed when there is, to all outward appearances, a contract.
In the context of offers, what are 'invitations to treat'?
Statements made during negotiations that are not binding offers, but invite others to make offers.
