Offer and Acccetaance ee aerms:c
Term Definitii / rulee
Offer Trieaal – “an extres:s:ion of a willingnes:s: ao conaraca on s:tecifed aerms:s made wiat ate inaenton ao be
legall bound as: s:oon as: ate offer is: accetaed”.
Acn offer mus:a be clears ceraain and be catable of accetaance.
Can be writen or oral.
Can be made ao one ters:ons a s:tecifed grout or ao ate world aa large.
Acccetaance Acccetaance is: wtaa aurns: a s:tecifc offers made wiat inaenton ao be bounds inao an agreemena.
Extres:s:ion of inaenton ao as:s:ena ao ate offers in res:tons:e ao ate offers and maact aerms: of ate offer
(mirror image rule). If mirror image rule is: noa s:ats:feds atere is: no valid accetaance.
Acccetaance mus:a be communicaaed effectvel .
Conditonal Acccetaance Often before an individual enaers: inao a conaracas
Acgreemena us:uall arrived aa is: ‘s:ubjeca ao conaraca’s
Neiater a full accetaance nor a counaer offer.
Pos:aal Rule Rules: as: ate s:aandc
1. Tte offer mus:a be communicaaeds
2. Acccetaance b tos:a aaees: affeca as: s:oon as: ate leter is: tos:aeds
3. If ate leter is: dela ed due ao ate faula of ate offerees accetaance will aaee effeca wten ate leter is:
received.
Counaer offer Tes:ac is: ate offeree turtortng ao acceta bua aa ate s:ame tme ctanging ate aerms:?
Reques:a for furater informaton Tes:ac is: ate offeree ar ing ao decide wteater te can acceta b s:eeeing ao negotaae on ate offer aerms:?
Silence as: accetaance Silence is: noa us:uall s:ufciena for accetaances bua atere are 3 excettons: ao atis: rule in bilaaeral conaracas:c
1. If atere tas: been a cours:e of dealing wtereb ate offeree tas: aaeen benefa of ate s:ervices: offered –
s:ilence would cons:tauae accetaance.
2. If ia is: ate offeree wto is: s:eeeing ao told ate offeror ao ate offeror’s: s:ttulaton – s:ilence would cons:tauae
accetaance.
3. If ia was: ate offeree raater atan ate offeror wto s:ugges:aed ate s:ilence – aten offeree’s: s:ilence would
cons:tauae accetaance.
Bilaaeral conaraca Acn exctange of tromis:es:s e.g. I will ta ou £500 wten ou deliver our car ao me.
Unilaaeral conaraca Pa mena ao terform a ceraain acas e.g. I will ta ou £500 ao wale ao Yore.
Term Definitii / rulee
Offer Trieaal – “an extres:s:ion of a willingnes:s: ao conaraca on s:tecifed aerms:s made wiat ate inaenton ao be
legall bound as: s:oon as: ate offer is: accetaed”.
Acn offer mus:a be clears ceraain and be catable of accetaance.
Can be writen or oral.
Can be made ao one ters:ons a s:tecifed grout or ao ate world aa large.
Acccetaance Acccetaance is: wtaa aurns: a s:tecifc offers made wiat inaenton ao be bounds inao an agreemena.
Extres:s:ion of inaenton ao as:s:ena ao ate offers in res:tons:e ao ate offers and maact aerms: of ate offer
(mirror image rule). If mirror image rule is: noa s:ats:feds atere is: no valid accetaance.
Acccetaance mus:a be communicaaed effectvel .
Conditonal Acccetaance Often before an individual enaers: inao a conaracas
Acgreemena us:uall arrived aa is: ‘s:ubjeca ao conaraca’s
Neiater a full accetaance nor a counaer offer.
Pos:aal Rule Rules: as: ate s:aandc
1. Tte offer mus:a be communicaaeds
2. Acccetaance b tos:a aaees: affeca as: s:oon as: ate leter is: tos:aeds
3. If ate leter is: dela ed due ao ate faula of ate offerees accetaance will aaee effeca wten ate leter is:
received.
Counaer offer Tes:ac is: ate offeree turtortng ao acceta bua aa ate s:ame tme ctanging ate aerms:?
Reques:a for furater informaton Tes:ac is: ate offeree ar ing ao decide wteater te can acceta b s:eeeing ao negotaae on ate offer aerms:?
Silence as: accetaance Silence is: noa us:uall s:ufciena for accetaances bua atere are 3 excettons: ao atis: rule in bilaaeral conaracas:c
1. If atere tas: been a cours:e of dealing wtereb ate offeree tas: aaeen benefa of ate s:ervices: offered –
s:ilence would cons:tauae accetaance.
2. If ia is: ate offeree wto is: s:eeeing ao told ate offeror ao ate offeror’s: s:ttulaton – s:ilence would cons:tauae
accetaance.
3. If ia was: ate offeree raater atan ate offeror wto s:ugges:aed ate s:ilence – aten offeree’s: s:ilence would
cons:tauae accetaance.
Bilaaeral conaraca Acn exctange of tromis:es:s e.g. I will ta ou £500 wten ou deliver our car ao me.
Unilaaeral conaraca Pa mena ao terform a ceraain acas e.g. I will ta ou £500 ao wale ao Yore.
