MGSC30H3 : Contracts.docx
Document Summary
Intention to create legal relations: reasonable person test (objective instead of subjective, 2 conditions: a person could easily lie at trial, law of contract is aim to project reasonable expectations, exceptions: advertisement and agreements between family members. Mutual agreement through the process of offer and acceptance. Invitation to treat: individuation of a willingness to receive an offer. Advertisement may be considered an offer if a reasonable person read it that way. Suggestions add first come first serve to statement to avoid being bound by contracts. Statement is not an offer unless it is communicated and received as an offer. Communicated by a written document, verbal, and conduct. Revocation: offeror is entitled to withdraw an offer anytime, must reasonably communicated with offeree, firm offers. Offeror promises to hold an offer open for acceptance for a certain period. Offer to undertake a project on particular terms. Constitutes an offer to enter into a special contract to hold a far tendering process.
