Management and Organizational Studies 2275A/B Chapter Notes - Chapter 6: Estoppel, Rebuttable Presumption, Upper Clements

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

Document Summary

An agreement: an offer a promise to perform specified acts on certain terms, certainty of offer all essential terms must be set out or contract will fail for uncertainty. Option agreement in exchange for a payment, an offeror is obligated to keep an offer open for a specified time. Dickinson vs dodds dodds delivered a written offer to sell his house to. Dickinson for 800pounds stating the offer would be open until friday at. Risk in rejecting an offer is neither side may renew offer: counteroffer rejection of one offer and proposal of a new one. Any change in terms of an offer (including price, quantity, time of delivery, method of payment) Other party has made a promise that was intended to affect their legal relationship and be acted on. Party a acted on it or in some way changed its position. Party a"s conduct has been above reproach and is deserving of court assistance.