BTC1110 : BTF1010 Summary Notes.docx

• School: Monash University
• Department: Business Research
• Course: BTC1110
• Professor: Mark Bender

Document Summary

[ only valid when it is properly communicated ] [ both sides must present something of value ] Note: a contract can be written or oral. No requirements for it to be in writing! Displaying goods with price tag or displayed is an invitation to treat not offer. Fisher v bell (1960) pg156 and pharmaceutical society of great britain v boots cash chemists (southern) ltd (1953) pg157. Catalogues are usually is an invitation to treat, not an offer. Carlill v carbolic smoke ball co (1893) pg159. Auctions- auctioneer calling for bids, bidder makes the offer. Tenderers are the offer makers, not the person calling for tenders. Hughes aircraft systems international v airservices australia (1997) pg161. Standing offers offers always standing, turns to contracts only when order is placed. Offeror may accept the offer = agreement. Offer may lapse due to passing of time. Offer may lapse due to death of offer/offeree.