Law 3101A/B Study Guide - Quiz Guide: Posting Rule, Consumer Protection
16 Oct 2018
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Binding contract: - consent of parties is required: offer by offeror + acceptance of this offer by offeree. Offer: - results only in a contract if party accepts it. Content must be sufficient clear (price, main characteristics) Offeror must have intention to be legally bound. Consideration one cannot only be bound if other. Common law: mailbox rule = acceptance enters into force from the moment it was dispatched in the mailbox (letter) Consumer protection: - european legislation has rules to protect the weak consumer against the prof. seller or provider. Seller has duty to inform consumer about all info on the product + right that consumer can withdraw. Withdrawal rights: - allow cancellation of a contract without giving any reason. Usually customer has limited time + he has to give the back the good. Seller must keep its promise, and take the good back.
