BTC1110 Lecture Notes - Lecture 13: Gijsbert Van Tienhoven, Puffery, Paull
4 Sep 2018
School
Department
Course
Professor
Document Summary
Mere puffery: a statement containing over exaggerated claims and assertions about products or services that no reasonable person would take seriously. Invitation to treat: an indication of willingness to deal, trade or negotiate. Invitations to treat, and the bidding from the prospective buyer is when offers are being presented. Revocation: the revocation of an offer must be communicated to the offeree before acceptance. The court said the advertisement was not clear, definite and explicit enough to constitute a true offer. Options: a promise to keep an offer open for a period of time, given that consideration was provided. The offeree accepted by post before the letter reached him about withdrawal of the offer. Notes that postal rules are not relevant to this unit anymore! Before the week, the defendant revoked the offer to purchase the property. However, because the consideration was given, the option had to be given to the plaintiff (as they were in a binding contract. )
