BSB111- Cheat Sheet
WEEK 7-9: CONTRACT LAW
R1: AGGREEMENT- exists when 1 party makes an offer n the other accepts and has communicated acceptance. Revoke=end
OFFER: The person making the offer is called the offeror and the person/s receiving the offer is called the oferee.Ofer=agreement
(Hyde v Wrench) The offeree can reject the offer or make a counter offer this terminates (ends) the original offer - the offeree cannot later change her mind and accept the offer, but she can make a new offer.
(Dickinson v Dodds; Byrne v Van Tienhoven) The offeror can only revoke the offer if it has not yet been accepted. If acceptance has occurred, then offer cannot be revoked
(Goldsborough Mort & Co Ltd v Quinn). offeror can revoke their offer even if they have promised to keep the offer open for a particular period, unless the offeree has provided consideration for the offeror’s promise to keep the offer open (example by paying a deposit)
#ContractLaw
#Law
#PrivateLaw
#Contract
#PostingRule
#Unconscionability
#PowellVLee
#Disclaimer
#CollateralContract
#Revocation
#CarlillVCarbolicSmokeBallCo
#AustralianContractLaw
1
Found Helpful
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Topic Notes
Year: Pre-2023
#ContractLaw
#Law
#PrivateLaw
#Contract
#PostingRule
#Unconscionability
#PowellVLee
#Disclaimer
#CollateralContract
#Revocation
#CarlillVCarbolicSmokeBallCo
#AustralianContractLaw
1
Found Helpful
2 Pages
Topic Notes
Year: Pre-2023This document is 5 Exchange Credits
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