GP emails an acceptance at 10am. B was passing by his house and saw this and called A to accept his offer. D) Lawful concentration . BL Ch 7 Offer & Acceptance Test. Example Answers to Questions on Offer and Acceptance Offer and acceptance analysis is a traditional approach in contract law used to determine whether an agreement exists between two parties. Format your letter correctly. See the answer. Part - 1 Offer and Acceptanc - Unilatetal Cobtracts - Exam Problem Question. This chapter outlines a number of questions that need to be posed in answering exam questions about the rules of offer and acceptance and certainty of terms. Questions and Answers on: OFFER AND ACCEPTANCE A publication of the North Carolina Real Estate Commission. Contract Law - Help me with offer and acceptance problem question (10points)? Find your group chat here >> start new discussion reply. Contract Problem Sample Answer-1. "”- Common Law Legal System. Law Of Contract Sample Question (Acceptance)(Postal Rule/Instantaneous Means Of Communication) Contract Law. The Concentrate Questions and Answers series offers the best preparation for tackling exam questions. Practice questions on offer and acceptance 1. C) Free consent. This problem has been solved! Contract Law - an overview and how to answer exam questions 4,968 views. offer and acceptance problem question Watch. Perhaps the favorite correspondence, but also somewhat stressful, the offer acceptance is the positive culmination or your job search. The offer to GP is sent by fax and includes the following statement: “Please send an acceptance by 12pm today. The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchanges "consideration" to create "mutuality of obligation. The book starts with an introduction explaining how to use the book. Discuss the offer and acceptance. Mercantile Law By- R.C Agarwal ISBN :-978-93-86828-43-9 Rs.230 CONTENTS : Chapters UNIT I Indian Contract Act, 1872 Agreement and Contract Offer and Acceptance Competency of Parties or Capacity of Parties Free Consent Lawful Objects and Consideration Void Agreements or Agreements Expressly Declared Void Contingent Contracts Performance of ‘Contracts Discharge of… Answer for Part C Past Year Question Apr 2010 UiTM. On Monday, Big Business Ltd. (BB) offers to sell 300 wrist watches to Going Places Ltd. (GP) at £50 per watch. attorney if you do not understand any issues regarding it before you enter into a binding contract. Announcements Applying to uni? 1. Objective Questions with Answers on Law Of Contracts - 18. Concentrate Q&A Contract Law provides guidance on answering questions on the law of contract. As acceptance, must meet the same terms of the offer to be valid, the following answer that suggest new terms in the offer is defined as a counter offer. Consequently, they are posed from the standpoint of the purchaser. Tools. So for example, a question might say X placed an advertisement on his windscreen offering his car for sale for £10,000. Acceptance has no effect until it is communicated to the offeror, silence can never establish an acceptance (Felthouse v Bindley, 1863). When Is Silence A Valid Acceptance? Keep it brief. … Issue The issue raised by the question is whether Bill’s letter constitutes an offer. A contract is an agreement that is legally enforceable at law, whoever breaches the contract can be sued or monetary compensation or be force to carry out the contract. Issue The issue raised by the question is whether Bill’s letter constitutes an offer. Distinguish between an offer and an invitation to treat. If you search in this forum or search through my posts (go a couple of months back), you'll find a lot of detailed and quite fully worked answers to exam offer/acceptance and consideration questions that people posted. What Is an Offer? In particular, you should avoid beginning your answer with a general summary of the law of contract . Analysis: the common law system and the contract law of Australia tell us that contract can be formed when certain conditions are fulfilled. In order for acceptance to be valid, the following conditions must apply. Question 1. 2007.01 - Contract Law - Exam Notes (FINAL) Contract Law Problem Question. Q: I have found a home I am interested in buying. Answer: To establish whether or not Mrs Turner has entered into two contracts first off all we have to look at what makes a contract and what type of offer was made to her and whether or not she accepted it. People posted millions of offer/acceptance and consideration questions over the last few months. Questions. Consequently, they are posed from the standpoint of the purchaser. The offer will be accepted once the letter is received by the offeror. Complete Contracts 'a' Study Notes. Page 1 of 1. Contract Assignment 2010-2. Belleville East High School. The questions raised in this publication are of special concern to real estate purchasers. Fatskills is a global online study tool with quizzes, study guides, MCQs & practice tests for all examinations, certifications, courses & classes - K12, ACT, GED, SAT, NCERT, NTSE, IIT JEE, NEET, SSC, math tests, social studies, science, language arts, and more test prep. Each book includes typical questions, answer plans and suggested answers, author commentary and other features. The Questions and Answers of Can you explain the answer of this question below:The juristic concept of contract consists of:A:Agreement & ObligationB:Free Consent & CapacityC:Offer and AcceptanceD:Consideration & CoercionThe answer is A. are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. You will need to consider the following in your answer: The definition of an “offer” and of an “invitation to treat”; The essential points distinguishing offers and invitations to treat. Such introductions do not answer the question set; they are unrelated to the specific issue raised. Delivery will occur on Wednesday”. We help people pass any competitive exam. A needs money so she published in a weekly newspaper on Monday 1st February the following advert: Selling Dior and Gucci bags for the highest bid over $100. B) Parties are competent. Follow ... (Offer, Acceptance, Consideration, Intention); valid / void / voidable contracts; breaches that lead to termination (breach of condition) or only to damages (breach of warranty); express or implied terms; exclusion clauses. Advice on Writing a Job Offer Acceptance Letter . Copy this to my account; E-mail to a friend; Find other activities; Start over; Print; Help; Meghan DeGroot. contract law offer and acceptance problem questions and answers. Offer and Acceptance An offer is a proposal by one party to another to enter into a legally binding agreement The person making the offer is known as the offeror, proposer, or promisor and the person to whom it is made is called the offeree or proposee When the offeree accepts the offer, he is called the acceptor or promisee A contract emerges from the acceptance of an offer Acceptance is … Belleville, IL: View profile; Send e-mail; This activity was created by a Quia Web subscriber. For example: "In order to have a binding contract there must be an offer and an acceptance. Tort Law Problem Question. If there is an offer followed by an acceptance there will be a contract between the parties. Therefore, it is imperative that you carefully read and understand the entire purchase contract and that you consult an attorney if you do not understand any issues regarding it before you enter into a binding contract. In either case, it should be done out of one's free will and with an intention to enter into a legally binding agreement. A) Competent parties . Question2: List and very briefly discuss the requirements for a valid offer and acceptance? For instance, if one tells a neighbor kid that if the kid mows the offeror’s lawn, the offeror will pay $20.00, and the kid does mow the lawn, the act of mowing constitutes the manifestation of the kid’s assent. When the letter is posted by the offeree. Questions and Answers on: OFFER AND ACCEPTANCE A publication of the North Carolina Real Estate Commission. Visual Law School . The book then looks at offer and acceptance, certainty of terms, consideration and intention to create … 2) An agreement becomes a contract if : A) It is by free consent of the parties. Question: Discuss The Offer And Acceptance. When the seal of the letter is broken by the offeror. B) Reasonable terms and conditions. Question 2. Business Instructor. Answer : B. Any misunderstandings concerning offer and acceptance can result in serious legal and financial consequences for the buyer and seller. It is important here to draw a distinction between an offer and an invitation to treat, the latter being a communication by which a party is itself invited to make an offer and is not intended to be contractually binding. Firstly, acceptance must be communicated. 250+ Contract Law Interview Questions and Answers, Question1: Discuss the impact of the Consumer Protection Act upon the law of contract with reference to its aims, objectives, scope, national regulatory institutions, and sanctions? Go to first unread Skip to page: Zain Farah Badges: 0. Published in: Law. ANSWER Introduction For a contract to arise in the circumstances of the question, one of the parties has to make and offer which is duly accepted by the other. When does the employer need an answer? C) It is enforceable by law. Rep:? The letter can be sent by email or mail. Questions shown all at once. it before you enter into a binding contract. The acceptance of an offer may be either a statement of agreement, or, if the offer invites acceptance in this way, a performance of an act requested in the terms of the offer. Acceptance is an unqualified and unconditional agreement to all the terms of the offer, by words or conduct. Offer and acceptance are the essential elements of a contract. Banter Back And Forth As To Why Certain Behavior Would Or Would Not Constitute And Offer Or Acceptance, I.e., Are The Advertisements For A Car In The Sunday Paper An Offer? You want to handle the acceptance responsibly and professionally. ANSWER Introduction For a contract to arise in the circumstances of the question, one of the parties has to make and offer which is duly accepted by the other. Answer Plan. Test yourself by downloading the questions first; then download the sample answers. Self-test questions and answers. 1) Which one of the following element is not necessary for a contract ? Contract Law Cases. Include your contact information and phone number, even though it’s on file with the employer. Question3: State the ways an offer may be terminated? Well, by any stretch of the imagination, legally, this is not an offer and an acceptance given what you know about adverts. 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