Management and Organizational Studies 2275A/B Chapter Notes - Chapter 6: Standard Form Contract, Rebuttable Presumption, Fredericton International Airport

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Definition: a promise to perform specified acts on certain teams. All essential terms must be set out in an offer or the contract will fail for uncertainty. Can achieve the requisite standard of certainty even if it leaves certain matters to be decided in the future. An offer does not need to meet the standard of perfect clarity and precision. Distinguish offers from invitation to treat an expression of willingness to do business. I. e. advertisements and display of product in store are invitations to treat. Standard form contract: (cid:28660) (cid:28705)(cid:28679)(cid:28660)(cid:28670)(cid:28664) (cid:28668)(cid:28679) (cid:28674)(cid:28677) (cid:28671)(cid:28664)(cid:28660)(cid:28681)(cid:28664) (cid:28668)(cid:28679)(cid:28706) (cid:28662)(cid:28674)(cid:28673)(cid:28679)(cid:28677)(cid:28660)(cid:28662)(cid:28679), (cid:28682)(cid:28667)(cid:28664)(cid:28677)(cid:28664) (cid:28679)(cid:28667)(cid:28664) (cid:28662)(cid:28680)(cid:28678)(cid:28679)(cid:28674)(cid:28672)(cid:28664)(cid:28677) (cid:28660)(cid:28666)(cid:28677)(cid:28664)(cid:28664)(cid:28678) (cid:28679)(cid:28674) (cid:28660) standard set of terms that favours the other side. Contract is formed only when a complete offer is unconditionally accepted. Offeror: the person who makes an offer. Offeree: the person to whom an offer is made. Law permits offerors to revoke their offers despite a promise to leave the offer open for a set time.