BLaw Offer Acceptance Flashcard

Front

Which of the following statements is false regarding the rules governing an offer in contract law? An offer must consist of a definite promise to be bound provided certain specified terms are accepted. Communication of the offer can be oral, written, or by conduct. Offers must not be a puff or invitations to treat (ITT).

Back

There must be subjective ascertainment of intention to be bound.

Front

A promises to sell a dog to B, and in return, B promises to pay $1,500. Is this a bilateral or unilateral contract?

Back

Bilateral

Front

Scott offers to sell his jet to Matthew for 10¢, requiring a decision by Friday. Since Matthew only replied on Saturday, the offer is terminated due to _.

Back

lapse of time

Front

Acceptance must be a final and unqualified expression of assent to the terms of an offer (Gay Choon Ing v Loh Sze Ti Terence Peter[2009]). Is this True or False?

Back

True

Front

Which of the following statements is false regarding the Postal Acceptance Rule? Acceptance occurs when the letter is posted, even if it is lost in transit. Rule excludes instantaneous communication where acceptance is effective only upon actual receipt. Rule applies if the offeree addresses the letter incorrectly due to their own carelessness.

Back

Rule applies if the offeree addresses the letter incorrectly due to their own carelessness.