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Acceptance 45 Auctions As we have seen, a lot at an auction is sold when the auctioneer’s gavel hits the table. Before such an a ...

46 Chapter 2Making a contract by putting in tenders to supply the paper would be making offers. The business which asked for ten ...

Acceptance 47 Nicolene Ltdv Simmonds (1953)the defendants agreed to sell 3,000 tons of reinforced steel bars to the claimants. I ...

48 Chapter 2Making a contract occur. No universal rule can cover all such cases; they must be resolved by reference to the inten ...

Acceptance 49 Termination of offers As soon as an offer is accepted, a contract is created. However, an offer which has been mad ...

50 Chapter 2Making a contract An offer of a unilateral contract can be revoked before the offeree has begun to accept it. If the ...

Intention to create legal relations 51 Alternatively, it might be agreed that a contract will become operative only if a conditi ...

52 Chapter 2Making a contract the phone during office hours, then there would be a contract. All of the circumstances would indi ...

Consideration 53 Consideration A contract is a bargain under which each party must give some benefit, known as consider- ation, ...

54 Chapter 2Making a contract Consideration can be defined as a benefit given by one party or a loss suffered by the other. Usua ...

Consideration 55 Sufficiency and adequacy A well-known principle of the law of contract holds that consideration must be suffici ...

56 Chapter 2Making a contract Performing an existing duty Sometimes, a person claims to have given as consideration a promise to ...

Consideration 57 The duty arose under a previous contract with the same person Until recently it was not possible to create two ...

58 Chapter 2Making a contract captain had promised. They were regarded as having exceeded their duty because they had not origin ...

Consideration 59 Settling out of court A dispute is settled out of court when a person agrees not to pursue a legal action in re ...

60 Chapter 2Making a contract Despite the decision in Foakesv Beer, the rule that a lesser sum of money cannot be consideration ...

Consideration 61 The decision in the High Trees Casewas not particularly surprising. However, the judge who heard the case, Denn ...

62 Chapter 2Making a contract An outline of the requirements of promissory estoppel is set out in Figure 2.4. However, it must b ...

Privity of contract 63 Privity of contract The doctrine of privity of contract holds that a contract is private between the part ...

64 Chapter 2Making a contract In Jacksonv Horizon Holidays Ltd (1975)the Court of Appeal allowed a husband who had booked a holi ...