Offer and Acceptance in Business and Corporate Law

Business and Corporate
Law
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Sequence in event- James sends Elizabeth a letter......................................................................3
Next sequence: Elizabeth sends James a postcard.......................................................................4
Next sequence: Elizabeth changed her mind...............................................................................5
Next sequence: Is timing important.............................................................................................6
Additional sequence: Could James be entitled to any legal remedy...........................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
Law is considered as a valuable system of rules that are developed and enforced by social
as well as government bodies to regulate conduct. It follows specific practices in order to face
any crime, property, and finance. However, a contract is a legal binding agreement that
recognizes the rights and duties of the concern parties that are involved in the agreement. It
happens to be legally enforceable because it fulfills the needs of law, whereas an offer is
generally a clear indication of the offeror's willingness to enter into an agreement with specific
terms and conditions (Southgate and Glazer, 2012). Moreover, acceptance is a kind of situation
in which party is able to accept something from the offeror, while a revocation is termed as
official canceling of something by some authority. Therefore, this project report intent to provide
specific information about the postal rules, offer and acceptance that are made between James
and Elizabeth.
MAIN BODY
Sequence in event- James sends Elizabeth a letter
Issue: According to the mentioned case scenario between James and Elizabeth, it has
been seen that there was a valid offer made in which James has offering to sell his van for
£3,000. In fact, it is said to be a valid contract in the situation of both an offer and acceptance.
Hence, the offer would be considered a binding contract because it was accepted by Elizabeth.
Law: Partridge V Crittenden and Carlill v Carbolic smoke case
According to the above-mentioned case example, it has been seen that the defendant
placed a public notice in a categorized section of a magazine and offer some bramble finches for
sales. As per section 6 of birds act 1954, it is an offense to offer such type of bird for sale. In this
case, the defendant's assurance was quashed. The ad was considered as an invitation to treat not
an offer (Rhee, 2012).
Carill V Carbolic smoke ball case is all about a newspaper ad placed by the defendant in
which £100 is been rewarded to any individual who can contract influenza after using the ball
three-time regularly for two weeks. Mrs carlill has decided to buy some balls and utilize them
according to that impact in the form of flu (E-lawresources, 2018).). The court has found that
Mrs. Carlill was entitled to the reward as the ad constituted an offer of a unilateral contract. She
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