there is no Singapore authority specifically on point, it will usually be assumed thatthe position will, in the first instance, be no different from that in England.
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SECTION 2 OFFER AND ACCEPTANCE
8.2.1 A contract is essentially an agreement between two or more parties, theterms of which affect their respective rights and obligations which are enforceable atlaw. Whether the parties have reached agreement, or a meeting of the minds, isobjectively ascertained from the facts. The concepts of offer and acceptance providein many, albeit not all, cases the starting point for analysing whether agreement hasbeen reached.
8.2.2 An offer is a promise, or other expression of willingness, by the ‘offeror’ tobe bound on certain specified terms upon the unqualified acceptance of these termsby the person to whom the offer is made (the ‘offeree’). Provided the other formationelements (ie consideration and intention to create legal relations) are present, theacceptance of an offer results in a valid contract.
8.2.3 Whether any particular statement amounts to an offer depends on theintention with which it is made. An offer must be made with the intention to bebound. On the other hand, if a person is merely soliciting offers or requesting forinformation, without any intention to be bound, at best, he or she would be makingan invitation to treat. Under the objective test, a person may be said to have madean offer if his or her statement (or conduct) induces a reasonable person to believethat the person making the offer intends to be bound by the acceptance of thealleged offer, even if that person in fact had no such intention.
Termination of Offer
8.2.4 An offer may be terminated by withdrawal at any time prior to itsacceptance, provided there is communication, of the withdrawal to the offeree,whether by the offeror or through some reliable source. Rejection of an offer, whichincludes the making of a counter-offer or a variation of the original terms, terminatesthe offer. In the absence of an express stipulation as to time, an offer will lapse aftera reasonable time. What this amounts to depends on the particular facts of thecase. Death of the offeror, if known to the offeree, would render the offer incapableof being accepted by the offeree. Even in the absence of such knowledge, death of either party terminates any offer which has a personal element.