Your Status: Logged out Log in

Contract law - Invitation to treat and acceptance  

Member rating: No Rating | Words: | Submitted: Tue Jun 20 2006

Page Preview
Preview
Previous 1 of 7 Next

On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:

The issues in this problem concern offer, invitation to treat and acceptance. To determine whether any of the four retailers have a legally binding contract with Niceguys, the point of concern is to establish whether the parties in question have reached an agreement in the eyes of the law. The classical model for deciding whether there has been an agreement between the contracting parties specifies that a contract must consist of an offer, acceptance and consideration. The courts will also look for intention to form legal relations. Consequently, in order for any of the parties to reach agreement, the aforementioned elements need to be apparent. The initial element that must be present in the formation of a contract is acceptance. Thus, the status of the initial letter written by Niceguys on the 19 May 1993 to each of the four retailers needs to be identified. If it is not an offer,...

To see the full version of this document, and 145,345 others

Register Now