LAWS 203 - part 1
Flashcard
•
Mathematics
•
KG
•
Hard
Abdullah Zahid
FREE Resource
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4 questions
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1.
FLASHCARD QUESTION
Front
How can an offer be terminated?
Back
Rejection of the offer by the offeree terminates the offer.
2.
FLASHCARD QUESTION
Front
Discuss another way that an offer can be terminated.
Back
If an offer explicitly states when it will expire (e.g. "this offer will expire after 10 working days) then the offer will expire at that date.
3.
FLASHCARD QUESTION
Front
Abdullah offers to sell Ahmad crayons for $25, to which Ahmad responds "Can I instead purchase the crayons for $14?". Abdullah says "No" and argues that because he rejected Ahmads counter-offer, that terminates the agreement between them. Advise Ahmad.
Back
In the case of Stevenson, the court held that Inquiries by the offeree, means that even if the question introduces new terms, it is still not a counter-offer/rejection of the original offer.
4.
FLASHCARD QUESTION
Front
How do you determine wether it's an inquiry or a counter-offer?
Back
In the case of Poweirza the court held that, in order to determine wether the offeree has made an inquiry or a counter-offer, the court must place a reasonable man in the shoes of the offeror and determine wether he would view the offeree's statement as an inquiry or a counter-offer.
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