BLW 1001 Lecture Notes - Lecture 10: Estoppel
6 Feb 2017
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Courts use the legal definition of the terms. Courts look at the intent of the parties objectively. Offer shows willingness to enter into a contract if the other party agrees. The offeree has the power to accept. An offer must exist so it can be accepted. For the creation of an offer, courts require: The act of communicating an offer indicates intent to be bound by an agreement. Ads for the sale of goods at a specific price are an invitation to make an offer; not an offer. Ads can sometimes be offered if they are highly specific. Ads for rewards (such as for the sale of lost property) are in offer. Sellers at auctions are making an invitation to offer. People who submit bids are treated as offerors. A reasonable person would have been aware of the terms. Offerors can revoke the offer any time prior to acceptance.
