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Taxation

Assignment

The legal issues rose by the case was of offers and invitations to treat. Also the communication, acceptance and or withdrawal factors must be taken into consideration.

Before discussing the case, we must define what a contract is. A contract is an agreement between two or more parties which is legally binding. A contract is any promise or set of promises made by one party to another for the breach of which the law provides a remedy. The promise or promises may be expressing (either written or oral) or may be implied from circumstances.

For the contract to be formed the following must be present within the agreement; intention to create a legal association, offer and acceptance and consideration.

The first of the above stated conditions is invitation to treat. In contract law, an invitation to treat is an action by one party which may appear to be a contractual offer but which is actually inviting others to make an offer of their own. The distinction is......


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Approximate Word Count: 1342
Approximate Pages: 6 (250 words per double-spaced page)

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