CFY S.2 Intro to Contract law - Part 1

What is required to form a legally binding contract?

• Offer, Acceptance, Consideration, Intention, Capacity to Contract

• Duty, Breach, Causation, Damages

• Offer, Acceptance, Collateral, Sufficiency.

• Invitation to treat, Offer, Counter Offer, Acceptance.

What is the definition of an offer?

• Showing willingness to negotiate.

• An auction

• Statement of terms that a person is willing to commit to if it is accepted by the other person

• An advertisement

What is an invitation to treat?

Select all the statements that apply to invitations to treat

• It is an invitation to another party to begin negotiation.

• It is an offer

• It is not an offer, it falls short of being an offer.

• An invitation to the other party to make an offer.

Which of the following cases demonstrate the principle that an advertisement CAN be an offer?

Select all that apply!

• Carlil v Carbolic Smokeball Company [1892] EWCA Civ 1.

• Fisher v Bell [1961] 1 QB 394.

• Donoghue v Stevenson [1932] UKHL 100.

• Grainger & Son v Gough (Surveyor of Taxes) [1896] AC 325 HL.

How can an offer be terminated?

• Rejection

• Counter-offer

• Acceptance

• Death of the offeror

• All of the above are correct.

A minor (person under 18) has the capacity to contract in ONE of the following circumstances (choose the one that applies)

• Always

• Only valid on contracts valuing over €10 Million

• For necessities like food, clothing, and lodging

• It depends on the day of the week

Which of the following are recognised as ending an offer?

• Rejection

• acceptance

• Counter offer or rejection of the offer.

• The offer may be terminated by passage of time or death of the offeree/offeror

• All of the above are correct.