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PART C ESSAY QUESTION (10 marks) 32. Choose ONE of the topics below and write a short essay of several paragraphs. A. Explain what it
PART C ESSAY QUESTION (10 marks) 32. Choose ONE of the topics below and write a short essay of several paragraphs. A. Explain what it means to say that the offeror is the "master of the offer." Provide examples to support your answer. A "master of the offer" means that the offeror has the power to determine what is communicated to the offeree. Consequently, the master of the offer in entitled to revoke it at any time. Revocation is not effective unless it is reasonably communicated to the offeree. For example, if you were selling a car, the seller can revoke the offer before the buyer posts his letter of acceptance. Another example would be selling a home. Since the seller is the master of the offer, they can revoke the sale of the property until the acceptance is done by the buyer. B. Explain how a third party can establish the scope of an agent's authority to bind the principal it represents. In your answer, specifically identify barriers make it difficult for a third party to discover an agent's authority
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