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