Law 2101 Study Guide - Quiz Guide: Specific Performance, Unfair Contract Terms Act 1977, Syllogism
Document Summary
Invitation to treat: may/may not result in offer being made, statement of prices, not yet presented to cashier. Offer: valid offer from offeror", valid acceptance by offeree", capable of acceptance, capable of revocation/rejection by offeror, lapses over time (in a period) Instant communication method sent & received, available to read. Consideration: contractual glue binds offer & acceptance, eg. Payment of money, provision of goods etc: stilk v myrick. Statement of fact which acts as an inducement to enter a contract. A false representation may give a claimant a right to claim misinterpretation. Conditions & warranties: expressed terms, contract made on an oral basis. Parol evidence" rule written contracts, prevents oral evidence to be admitted, to vary the terms of the written contract. Implied by custom/courts/statute: will not be implied by custom if: express wording of contract shows parties had a contrary intention, conditions, a requirement or event that should be performed before the completion of another action, repudiatory breach.
