This document defines and provides examples of different types of offers under contract law:
- Express offers are made verbally or in writing, while implied offers are inferred from conduct. General offers are made to the public, and specific offers to an individual or group.
- A counteroffer terminates the original offer, while cross offers occur when identical offers are made simultaneously without knowledge of each other. Standing offers remain open for a period of time like tenders.
- Displays and invitations to tender are considered invitations to treat rather than definitive offers.
This document defines and provides examples of different types of offers under contract law:
- Express offers are made verbally or in writing, while implied offers are inferred from conduct. General offers are made to the public, and specific offers to an individual or group.
- A counteroffer terminates the original offer, while cross offers occur when identical offers are made simultaneously without knowledge of each other. Standing offers remain open for a period of time like tenders.
- Displays and invitations to tender are considered invitations to treat rather than definitive offers.
This document defines and provides examples of different types of offers under contract law:
- Express offers are made verbally or in writing, while implied offers are inferred from conduct. General offers are made to the public, and specific offers to an individual or group.
- A counteroffer terminates the original offer, while cross offers occur when identical offers are made simultaneously without knowledge of each other. Standing offers remain open for a period of time like tenders.
- Displays and invitations to tender are considered invitations to treat rather than definitive offers.
• Express Offer: • When an offer is made by words spoken or written it is called an express offer. • Implied Offer: • When an offer is implied by conduct of parties or circumstances of the case it is called an implied offer. • General Offer: • When an offer is made to the public at large it is called general offer. This offer may be accepted by anyone. For example, an offer to give reward to anybody who finds the lost horse is a general offer. • Though the general offer is made to the public at large, the contract in this case comes to an end when any person acts upon the conditions of the offer. • Case law: Carlill v. Carbolic Smoke Ball Co.(1893) 1 Q.B 256 at 268 • Specific Offer: • Specific offer is an offer, which is made to a specific or an ascertained person. In this case, the person to whom the offer is made is only liable to accept the offer. • Counter Offer: • Counter offer by the offeree terminates the original offer. When in place of accepting the terms of an offer as they are, the offeree accepts the same subject to certain condition or qualification, then a counter offer is said to be made. • Cross Offer: • Where two parties make identical offer to each other, in ignorance of each others offer, this offer is termed as cross offer. In this case, there is no contract because out of the two parties no one can be called for acceptance. • Case law- Tinn v. Hoffmann (1873)29 L.T.271 • Standing Offer: • Also known as open or continuing offer • When an offer is allowed to remain open for acceptance over a period of time, it is called standing, open or continuing offer. Tenders are the example of standing offer. • Eg: an offer to supply 1000 bags of wheat from 1st January to 31st December, in accordance with the orders which may be placed from time to time is a standing offer Offer and invitation to offer • An offer is an expression of willingness to contract on certain terms made with the intention that a binding agreement will exist once the offer is accepted • If an individual is not willing to implement terms, but merely seeking to initiate negotiations, that is not an offer but an invitation to treat • Goods displayed in a shop, invitation to tender • Eg: Pharmaceutical society of Great Britain v. Boots cash chemists (Southern) Ltd. Invitation to offer • Where a party, without expressing his final willingness, puts forward certain terms on which he is willing to negotiate he does not make an offer, he only invites the other party to make an offer on those terms • Case law: Harvey v. Facey