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Please give brief explanation of the below terms: Contract Offer Acceptance Privity of Contract Invitation to Treat 2. A. Explain the difference between an offer

  1. Please give brief explanation of the below terms:
  • Contract
  • Offer
  • Acceptance
  • Privity of Contract
  • Invitation to Treat

2. A. Explain the difference between an offer and an invitation to treat.

B. Are the following offers or invitations to treat?

i)An advertisement

ii)A display of goods on a supermarket shelf

iii)An advertisement of an auction 'without reserve'

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