Subjects under University of South Australia
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Contracts Summary UNISA

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Must first use conventional approach of locating offer and acceptance (Gibson). Offer Offeror/promisor = person making the offer. Offeree/promisee = person to whom the offer is made. Types of offer 1. Bilateral contract At the time of formation the obligations of both parties remain to be performed (they are executory); or 2. Unilateral contract At the time of formation the offeree has already performed all their obligations (they are executed). The obligations of the offeror are executory.

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82 Pages Complete Study Notes 1-2 Years old
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Topics this document covers:
Contract law Law Private law Common law Offer and acceptance Posting rule Option contract Contract Nudum pactum Consideration Meeting of the minds Carlill v Carbolic Smoke Ball Co
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Topics this document covers:
Contract law Law Private law Common law Offer and acceptance Posting rule Option contract Contract Nudum pactum Consideration Meeting of the minds Carlill v Carbolic Smoke Ball Co
Sample Text:
Offer Offeror/promisor = person making the offer. Offeree/promisee = person to whom the offer is made. T YPES OF OFFER 1. Bilateral contract At the time of formation the obligations of both parties remain to be performed (they are executory); or 2. Unilateral contract At the time of formation the offeree has already performed all their obligations (they are executed). The obligations of the offeror are executory. CHARACTERISTICS OF AN OFFER Offer: - Proposal; - Invites acceptance; - With a willingness to enter into a contract upon acceptance. An offeror will have made an offer where it appears to a reasonable person in the position of the offeree that an offer was intended. Subjective intentions are irrelevant. E XAMPLES Χ Invitations to treat: An invitation to others to make offers or enter into negotiations; Page 1 of 82 ________________ o Display of ...
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