Offer and Acceptance Explained
There are three basic elements to the formation of a valid simple contract. First the parties must have reached agreement. This is known as Offer and Acceptance.Get Legal Advice
“…last summer we booked a holiday witb our local travel agent… the reason we used this booking agent was because their name was on a list of Association of Brtish Travel Agents approved list… when the travel company went into liquidation we contacted them [ABTA] to reclaim our money… they have since said that because we did not formally notify them of our booking arrangements they were not liable… “
“…our local community hold an annual summer fete… including an auction of donated bric a brac and antiques… there was one item which I was particularly keen on…it had no reserve… I bid for the item with several other interested parties… eventually securing the item with the fall of the auctioneers hammer… to my great delight… later when I went to settle with the auctioneer I was told the item had been removed from sale and returned to its owner… I suspect this is untrue… my friends have told me to bring an action against the auctioneer as I had entered into a valid contract for the item… is this true…”
“…please settle a argument between … is a advertisement for sale of goods a legally binding contract…”
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