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