LAW 122 Lecture Notes - Lecture 29: Contract, Posting Rule
Document Summary
He did not give the acceptance to the offeror like he was suppose to, he instead gave it to the mother - in - law. (if he mailed it, it would have been accepted) If no termination date set, court will infer reasonable time. Subject matter (eg. perishable or nonperishable) nature of contract. Offer to sell you 2 bushels of tomatoes for : a few days to accept 2. Offer to sell you vacant land: a few months 3. Offer to personally paint your house for : a few days/week. Offeree cannot subsequently revive offer kill an offer #4: counter offer. Offeree responds to an offer but modifies the terms. Effect: rejects old offer and creates new offer 2d) Acceptance: agreement to offeror"s terms contract created immediately upon acceptance. Acceptance must be in response to offer. Eg. i will give you 50 for your textbook.
