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Tim & Bob - Dispute. Tim will have to prove that a binding acceptance has been made, on his part, to Bob's offer before revocation from Bob on the Monday.
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Tim & Bob - Dispute Tim will have to prove that a binding acceptance has been made, on his part, to Bob's offer before revocation from Bob on the Monday. Bob's initial offer of £2000 was refused and £1500 offered by Tim, this is a counter-offer therefore not binding. However, they did reach a conclusion of £1750 to which Tim did not legally bind himself, as he needed "time to think it over". It seems Bob kept the offer open by saying that an answer must be given by Monday. Bob was free to revoke from the offer because Tim had given no consideration; hence no contract was possible until or before Monday keeping the offer open. This is similar to Routledge v Grant, where no consideration was given (a payment, for example) but the offeror was gratuitous in that he allowed more time for the offeree to choose to take up the...
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