Invitation to treat - law of contract, Business Law and Ethics

Invitation to Treat - Law of Contract

Well this is a mere invitation through a party to another or others to make offers.  Another time the offeror become offeree and invitee the offeror.  Thus a positive response for an invitation to treat is an offer.

  • However a registered company concerns a prospectus inviting the public for apply to its shares. Conversely this is an invitation to treat like as i.e. an attempt to "attract" offers then not an offer. Hence it is not regarded as an offer it means of practical reasons: whether it was an offer that every application made pursuant thereto would constitute like an acceptance and then the company would be contractually bound for allot all the shares applied for. Whether as the question were oversubscribed thus the company would be sued through some of the applicants to breach of contract. Well this appears to be unjust so the courts have avoided the possible event through regarding the topic of the prospectus merely like an invitation to treat. Whereas applications are made so then they will constitute the offers. Thus the company such finds out how many shares have been applied to and, whenever the issue is oversubscribed then accepts applications that equal the shares available and "rejects" the others. Further the company cannot be sued through those for whom shares have not been allotted given that there is no contract between them and so the company: such that they made an offer could not accepted through the company - and the company was not accept the offer since it did not have shares to sell.
  • However the display of goods in supermarket or in shop with price labels emotionally involved thereon. Because, why the courts decided not to regard this like an offer was explained through Lord Goddard in the Pharmaceutical Society v. Boots. Cash Chemists (Southern) Ltd. Fisher v Bells.

Conversely a government ministry situates an advertisement in newspapers asking to tenders for the contribute of a justified quantity of goods during a individual period of time.  Thus the advert constitutes an invitation for treat and a trader's response thereto is  offer that the ministry may acknowledge or reject.

Advertisement of sale through auction  

However a person may do something that at the face of it so appears to be an offer.  Further a condition like is the case of Harris v. Nickerson whether it was held that an advertisement regarding an intended auction that was a declaration of intention as i.e. a public manifestation about an intended act although not an offer.  So thus travelling to the advertised venue does not constitute an acceptance about an offer and the traveller cannot sue the advertiser to breach of contract whether the auction is cancelled so or some of the goods to be auctioned are such withdrawn.

Posted Date: 1/22/2013 1:31:34 AM | Location : United States







Related Discussions:- Invitation to treat - law of contract, Assignment Help, Ask Question on Invitation to treat - law of contract, Get Answer, Expert's Help, Invitation to treat - law of contract Discussions

Write discussion on Invitation to treat - law of contract
Your posts are moderated
Related Questions
Proceedings at Meetings: (a)Each item of business comprised in the notice should be taken separately, discussed and put to the vote.  Members may propose ammendments to the re

STATE SUCCESSION International law regulating state succession deals with the situation where there is a change in sovereignty over a particular territory. State succession occ

International Competition Law -  Select a specific industry or corporation and analyse the factors that determine a competitive or anticompetitive outcome; - Factors such a

Challenging an Arbitral Award Conversely a party dissatisfied through an arbitral award any challenge that it in the High Court and the High Court might set it aside whether i

Objects Clause: Reasons for Stating Objects  Section 5 (1) (c) requires the memorandum of association to state the objects of the company. The section does not however indi

Explain the open method of coordination There are at least five levels at which coordination can occur such as, - international, regional, national, sub-national and sectoral

QUESTION 1 What are the individual and situational factors that influence ethical decision making in the workplace QUESTION 2 (a) How is unemployment socially distribut

Contents of the Notice: The notice convening a meeting must be clear and explicit so that the person receiving it may be in a position to decide whether or not he ought in his

Principles and Presumptions of Construction: However in the course of settling some of these disputes the courts in England have elaborated the rules that they will utilized i

Article 5 - State Responsibilty Article 5. Acts of persons authorized by a state to act on their behalf then the state is responsible for the actions of that person. For exampl