Question
Please explain the basic rules of offer, including reference to the following (with relevant case and statute law where appropriate): An offer is a statement
Please explain the basic rules of offer, including reference to the following (with relevant case and statute law where appropriate):
An offer is a statement of willingness to be bound
by the terms of the offer
It must be distinguished from 'invitation to treat'
and a mere statement of price
An offer must be communicated to the offeree -
but can be made to the whole world
Its terms must be certain
An offer can be withdrawn any time up to
acceptance - can be by a reliable third party
A unilateral offer only requires performance
Offer ends on acceptance, proper withdrawal, lapse
of time, death of one of the parties
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