Announcements Applying to uni? Distinguish between an offer and an invitation to treat. Any misunderstandings concerning offer and acceptance can result in serious legal and financial consequences for the buyer and seller. GP emails an acceptance at 10am. Find your group chat here >> start new discussion reply. "”- Common Law Legal System. Answer Plan. See the answer. The acceptance of an offer may be either a statement of agreement, or, if the offer invites acceptance in this way, a performance of an act requested in the terms of the offer. Question2: List and very briefly discuss the requirements for a valid offer and acceptance? The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchanges "consideration" to create "mutuality of obligation. Contract Law - Help me with offer and acceptance problem question (10points)? Questions shown all at once. Question: Discuss The Offer And Acceptance. Self-test questions and answers. C) It is enforceable by law. Contract Assignment 2010-2. Questions and Answers on: OFFER AND ACCEPTANCE A publication of the North Carolina Real Estate Commission. Concentrate Q&A Contract Law provides guidance on answering questions on the law of contract. In particular, you should avoid beginning your answer with a general summary of the law of contract . B) Reasonable terms and conditions. When the seal of the letter is broken by the offeror. C) Free consent. Firstly, acceptance must be communicated. offer and acceptance problem question Watch. Format your letter correctly. Example Answers to Questions on Offer and Acceptance Offer and acceptance analysis is a traditional approach in contract law used to determine whether an agreement exists between two parties. Contract Law - an overview and how to answer exam questions 4,968 views. The Concentrate Questions and Answers series offers the best preparation for tackling exam questions. Questions. Test yourself by downloading the questions first; then download the sample answers. Answer for Part C Past Year Question Apr 2010 UiTM. Complete Contracts 'a' Study Notes. The questions raised in this publication are of special concern to real estate purchasers. Any conditions or qualifications added would constitute a counter-offer and would therefore terminate the standing offer. Question 2. We help people pass any competitive exam. It is important here to draw a distinction between an offer and an invitation to treat, the latter being a communication by which a party is itself invited to make an offer and is not intended to be contractually binding. Question 1. In order for acceptance to be valid, the following conditions must apply. The book then looks at offer and acceptance, certainty of terms, consideration and intention to create … 1) Which one of the following element is not necessary for a contract ? The questions raised in this publication are of special concern to real estate purchasers. Contract Problem Sample Answer-1. Offer and Acceptance: Distinguishing an offer from an invitation to treat. You want to handle the acceptance responsibly and professionally. If you're sending a hard copy through the mail, format the letter as you would any business letter. Tort Law Problem Question. Fatskills is a global online study tool with quizzes, study guides, MCQs & practice tests for all examinations, certifications, courses & classes - K12, ACT, GED, SAT, NCERT, NTSE, IIT JEE, NEET, SSC, math tests, social studies, science, language arts, and more test prep. Each book includes typical questions, answer plans and suggested answers, author commentary and other features. Offer and acceptance are the essential elements of a contract. The offer to GP is sent by fax and includes the following statement: “Please send an acceptance by 12pm today. Bids must be notified to me in writing by fax, post or email by 2:00pm on Friday 20th February. Published in: Law. Mercantile Law By- R.C Agarwal ISBN :-978-93-86828-43-9 Rs.230 CONTENTS : Chapters UNIT I Indian Contract Act, 1872 Agreement and Contract Offer and Acceptance Competency of Parties or Capacity of Parties Free Consent Lawful Objects and Consideration Void Agreements or Agreements Expressly Declared Void Contingent Contracts Performance of ‘Contracts Discharge of… A needs money so she published in a weekly newspaper on Monday 1st February the following advert: Selling Dior and Gucci bags for the highest bid over $100. Offer and Acceptance An offer is a proposal by one party to another to enter into a legally binding agreement The person making the offer is known as the offeror, proposer, or promisor and the person to whom it is made is called the offeree or proposee When the offeree accepts the offer, he is called the acceptor or promisee A contract emerges from the acceptance of an offer Acceptance is … If the answer is not … Issue The issue raised by the question is whether Bill’s letter constitutes an offer. Tools. Banter Back And Forth As To Why Certain Behavior Would Or Would Not Constitute And Offer Or Acceptance, I.e., Are The Advertisements For A Car In The Sunday Paper An Offer? This chapter outlines a number of questions that need to be posed in answering exam questions about the rules of offer and acceptance and certainty of terms. Belleville, IL: View profile; Send e-mail; This activity was created by a Quia Web subscriber. Such introductions do not answer the question set; they are unrelated to the specific issue raised. Acceptance is an unqualified and unconditional agreement to all the terms of the offer, by words or conduct. Acceptance has no effect until it is communicated to the offeror, silence can never establish an acceptance (Felthouse v Bindley, 1863). attorney if you do not understand any issues regarding it before you enter into a binding contract. … The Questions and Answers of Can you explain the answer of this question below:The juristic concept of contract consists of:A:Agreement & ObligationB:Free Consent & CapacityC:Offer and AcceptanceD:Consideration & CoercionThe answer is A. are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. ANSWER Introduction For a contract to arise in the circumstances of the question, one of the parties has to make and offer which is duly accepted by the other. If you search in this forum or search through my posts (go a couple of months back), you'll find a lot of detailed and quite fully worked answers to exam offer/acceptance and consideration questions that people posted. 2) An agreement becomes a contract if : A) It is by free consent of the parties. What Is an Offer? ANSWER Introduction For a contract to arise in the circumstances of the question, one of the parties has to make and offer which is duly accepted by the other. it before you enter into a binding contract. 1. This problem has been solved! Well, by any stretch of the imagination, legally, this is not an offer and an acceptance given what you know about adverts. Belleville East High School. Perhaps the favorite correspondence, but also somewhat stressful, the offer acceptance is the positive culmination or your job search. Consequently, they are posed from the standpoint of the purchaser. Objective Questions with Answers on Law Of Contracts - 18. contract law offer and acceptance problem questions and answers. Analysis: the common law system and the contract law of Australia tell us that contract can be formed when certain conditions are fulfilled. You will need to consider the following in your answer: The definition of an “offer” and of an “invitation to treat”; The essential points distinguishing offers and invitations to treat. Question3: State the ways an offer may be terminated? Include your contact information and phone number, even though it’s on file with the employer. A) Competent parties . Part - 1 Offer and Acceptanc - Unilatetal Cobtracts - Exam Problem Question. 250+ Contract Law Interview Questions and Answers, Question1: Discuss the impact of the Consumer Protection Act upon the law of contract with reference to its aims, objectives, scope, national regulatory institutions, and sanctions? Q: I have found a home I am interested in buying. Answer : B. 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