offer and acceptance question and answer

When Is Silence A Valid Acceptance? Contract Law Cases. If you're sending a hard copy through the mail, format the letter as you would any business letter. Keep it brief. 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? Contract Law - an overview and how to answer exam questions 4,968 views. 2) An agreement becomes a contract if : A) It is by free consent of the parties. 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. … 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? For example: "In order to have a binding contract there must be an offer and an acceptance. In order for acceptance to be valid, the following conditions must apply. Visual Law School . Q: I have found a home I am interested in buying. Announcements Applying to uni? Tort Law Problem Question. 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 … 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. Such introductions do not answer the question set; they are unrelated to the specific issue raised. attorney if you do not understand any issues regarding it before you enter into a binding contract. Acceptance has no effect until it is communicated to the offeror, silence can never establish an acceptance (Felthouse v Bindley, 1863). Answer : B. Part - 1 Offer and Acceptanc - Unilatetal Cobtracts - Exam Problem Question. 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. GP emails an acceptance at 10am. Follow ... (Offer, Acceptance, Consideration, Intention); valid / void / voidable contracts; breaches that lead to termination (breach of condition) or only to damages (breach of warranty); express or implied terms; exclusion clauses. "”- Common Law Legal System. What Is an Offer? In particular, you should avoid beginning your answer with a general summary of the law of contract . Copy this to my account; E-mail to a friend; Find other activities; Start over; Print; Help; Meghan DeGroot. Belleville East High School. Business Instructor. The letter can be sent by email or mail. Questions and Answers on: OFFER AND ACCEPTANCE A publication of the North Carolina Real Estate Commission. Well, by any stretch of the imagination, legally, this is not an offer and an acceptance given what you know about adverts. Each book includes typical questions, answer plans and suggested answers, author commentary and other features. When does the employer need an answer? Tools. Self-test questions and answers. Contract Assignment 2010-2. The offer will be accepted once the letter is received by the offeror. B) Parties are competent. Delivery will occur on Wednesday”. If there is an offer followed by an acceptance there will be a contract between the parties. The Concentrate Questions and Answers series offers the best preparation for tackling exam questions. Belleville, IL: View profile; Send e-mail; This activity was created by a Quia Web subscriber. Answer: To establish whether or not Mrs Turner has entered into two contracts first off all we have to look at what makes a contract and what type of offer was made to her and whether or not she accepted it. Page 1 of 1. Any misunderstandings concerning offer and acceptance can result in serious legal and financial consequences for the buyer and seller. Analysis: the common law system and the contract law of Australia tell us that contract can be formed when certain conditions are fulfilled. A) Competent parties . B) Reasonable terms and conditions. C) Free consent. Question3: State the ways an offer may be terminated? Discuss the offer and acceptance. This problem has been solved! The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchanges "consideration" to create "mutuality of obligation. Issue The issue raised by the question is whether Bill’s letter constitutes an offer. Question 1. 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. C) It is enforceable by law. You want to handle the acceptance responsibly and professionally. 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. The offer to GP is sent by fax and includes the following statement: “Please send an acceptance by 12pm today. See the answer. When the letter is posted by the offeree. it before you enter into a binding contract. offer and acceptance problem question Watch. contract law offer and acceptance problem questions and answers. Practice questions on offer and acceptance 1. On Monday, Big Business Ltd. (BB) offers to sell 300 wrist watches to Going Places Ltd. (GP) at £50 per watch. Format your letter correctly. Question2: List and very briefly discuss the requirements for a valid offer and acceptance? Answer Plan. 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. Rep:? Complete Contracts 'a' Study Notes. Any conditions or qualifications added would constitute a counter-offer and would therefore terminate the standing offer. Firstly, acceptance must be communicated. Offer and Acceptance: Distinguishing an offer from an invitation to treat. B was passing by his house and saw this and called A to accept his offer. When the seal of the letter is broken by the offeror. The book starts with an introduction explaining how to use the book. For instance, if one tells a neighbor kid that if the kid mows the offeror’s lawn, the offeror will pay $20.00, and the kid does mow the lawn, the act of mowing constitutes the manifestation of the kid’s assent. Find your group chat here >> start new discussion reply. 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. Questions shown all at once. 2007.01 - Contract Law - Exam Notes (FINAL) Contract Law Problem Question. Contract Law - Help me with offer and acceptance problem question (10points)? 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. The questions raised in this publication are of special concern to real estate purchasers. In either case, it should be done out of one's free will and with an intention to enter into a legally binding agreement. Issue The issue raised by the question is whether Bill’s letter constitutes an offer. Concentrate Q&A Contract Law provides guidance on answering questions on the law of contract. Published in: Law. As acceptance, must meet the same terms of the offer to be valid, the following answer that suggest new terms in the offer is defined as a counter offer. Question: Discuss The Offer And Acceptance. Consequently, they are posed from the standpoint of the purchaser. If the answer is not … Bids must be notified to me in writing by fax, post or email by 2:00pm on Friday 20th February. Each book includes typical questions, answer plans and suggested answers, author commentary and other features. So for example, a question might say X placed an advertisement on his windscreen offering his car for sale for £10,000. The questions raised in this publication are of special concern to real estate purchasers. Law Of Contract Sample Question (Acceptance)(Postal Rule/Instantaneous Means Of Communication) Contract Law. Objective Questions with Answers on Law Of Contracts - 18. 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. If there is an offer followed by an acceptance there will be a contract between the parties. Therefore, it is imperative that you carefully read and understand the entire purchase contract and that you consult an attorney if you do not understand any issues regarding it before you enter into a binding contract. Questions and Answers on: OFFER AND ACCEPTANCE A publication of the North Carolina Real Estate Commission. Advice on Writing a Job Offer Acceptance Letter . Go to first unread Skip to page: Zain Farah Badges: 0. 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. Answer for Part C Past Year Question Apr 2010 UiTM. 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… We help people pass any competitive exam. Perhaps the favorite correspondence, but also somewhat stressful, the offer acceptance is the positive culmination or your job search. The book then looks at offer and acceptance, certainty of terms, consideration and intention to create … People posted millions of offer/acceptance and consideration questions over the last few months. A contract is an agreement that is legally enforceable at law, whoever breaches the contract can be sued or monetary compensation or be force to carry out the contract. 1. Contract Problem Sample Answer-1. Test yourself by downloading the questions first; then download the sample answers. BL Ch 7 Offer & Acceptance Test. 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. 1) Which one of the following element is not necessary for a contract ? Question 2. Offer and acceptance are the essential elements of a contract. Distinguish between an offer and an invitation to treat. Include your contact information and phone number, even though it’s on file with the employer. D) Lawful concentration . Consequently, they are posed from the standpoint of the purchaser. Acceptance is an unqualified and unconditional agreement to all the terms of the offer, by words or conduct. Questions. Find your group chat here > > Start new discussion reply ’ letter. - 1 offer and acceptance are the essential elements of a contract between the parties issue! Be formed when certain conditions are fulfilled example, a question might X! Be terminated discuss the requirements for a contract for Part C Past Year question Apr UiTM! Include your contact information and phone number, even though it ’ s letter constitutes an followed! Account ; E-mail to a friend ; Find other activities ; Start over ; Print ; Help Meghan... Acceptance: Distinguishing an offer ( acceptance ) ( Postal Rule/Instantaneous Means of Communication ) contract offer... Business letter answer with a general summary of the parties answer with general. ; Print ; Help ; Meghan DeGroot special concern to Real Estate Commission and. Is not … contract Law - Exam Problem question once the letter is broken by the question is whether ’. Copy through the mail, format the letter as you would any business.... On Friday 20th February created by a Quia Web subscriber understand any issues it. 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The buyer and seller yourself by downloading the questions first ; then download the Sample Answers:! Here > > Start new discussion reply Exam Problem question this and called a to accept offer...

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