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Offer and Acceptance

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Written by:

Vera L


Date added:

April 5, 2016








No of pages / words:

6 / 1503


Was viewed:

1149 times


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This offer could be made to a specific person, in which case it cannot be accepted by anyone other than that individual. On the other hand it could be made to a group of people or the whole world! Usually the offer will indicate a number of things like in which form the acceptance should take, it may also have a time limit for acceptance attached to it...
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In which case this will be a self-terminating contract. If the offer does not have a time limit the courts may deem the offer to have expired after a reasonable time even if the offerers haven't actually revoked the offer. An offer can be revoked at any point up to acceptance as long as the offerer has made this clear to the offeree...
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