Law 2101 Lecture 14: Contract Law Lecture 2
Document Summary
Acceptance: before an offer can be binding on either party, the offer must be accepted by the offeree. Requirements of an acceptance: clear and unconditional, communicated to offeror in compliance w/terms stated in offer, made w/knowledge of offer (motive is irrelevant, made in response to offer (cid:523)ie. not a (cid:498)cross-offer) Clear and unconditional: not, for example, a mere acknowledgement of offer (cid:498)sounds good to me(cid:499) (cid:498)) intend to place an order(cid:499, a counter-offer (livingstone v evans) Livingstone v evans: e: i will sell my land to you for , l: send lowest cash price. The defendant"s (evans"(cid:524) arguments: there was no contract for the following 3 reasons, the statement by l (to pay ) was not on the same terms as the offer. It is a general rule that a counter-offer destroys the original offer (to sell for : therefore, there was nothing, no offer, for l to accept.
