LAW10001 Study Guide - Final Guide: Estoppel, Ex Gratia, Oral Contract
Document Summary
Advertisements: advertisements in a catalogue or a curricular, advertisements in newspapers or magazines, advertisements appearing on the internet, display of goods. Auctions: advertisement of auction, auctions with reserves, auctions without a reserve. An offer may be terminated by: revocation by the offeror, rejected by the offeree, lapse of time, failure of a condition subject to which the offer was made, death. Offeree must have knowledge of and act in reliance to an offer. Notification to the offerer of the fact of acceptance. Method of acceptance: method of acceptance stipulated by offer, acceptance by silence, acceptance by conduct. Instantaneous communication: acceptance must be communicated: general rule, meaning of instantaneous communication. Postal acceptance rule: statement of the rule, policy behind the rule, to what communication does the rule extend, where is the rule displaced, revocation of acceptance prior to receipt. Withdrawal of an offer after acceptance has commenced.