Lapse of time - termination of an offer, Business Law and Ethics

Lapse of time - Termination of an Offer

Therefore offer of "lapses" that i.e. comes for an end robotically through operation about law whenever like:

  1. First is not accepted contained by such the stipulated time when any.
  2. Second is not accepted contained by that appears to the court to be the reasonable or sensible time for the period of which it should have been acknowledged like Ramsgate Victoria Hotel Co. v. Montefiove - such an offer to buy shares in a company could not be received at the end about the fifth month after the offer was made. As June - November obvious.
  3. Well it is an offer to sell property so then the property is sold to another party earlier than the offeree accepts the offer: such Dickinson v. Dodds than during which Mellish L.J. about the sale like equivalent to the offeror's death it means renders performance about the offer impossible)
Posted Date: 1/22/2013 1:48:38 AM | Location : United States







Related Discussions:- Lapse of time - termination of an offer, Assignment Help, Ask Question on Lapse of time - termination of an offer, Get Answer, Expert's Help, Lapse of time - termination of an offer Discussions

Write discussion on Lapse of time - termination of an offer
Your posts are moderated
Related Questions

Question: State whether the following statements are TRUE, FALSE or UNCERTAIN. Briefly (two or three paragraphs) give reasons for your answer. (a) There are no market fail

Domestic or Family Agreements - Elements of Contract However there is a rebuttable presumption such the parties did not intend for create legal relations as: 1. Agreements

The UNCLOS 1982 The UNCLOS 1982 does not stop at gauging the limits of the territory of coastal states. Other features of the Convention include the right of transit of landloc

Effects of an Order for Compulsory Liquidation: The effects of the order are follows as are: (a) the Official Receiver (an Official of the High Court whose duties relate ma

Resident Magistrate's Court Establishment Further Resident Magistrate's Court is constituted through S.3 (1) of the Magistrate's Courts Act that is provides that 'ther

Effect of Ultra Vires Transaction:  An ultra vires transaction with a company may result in: a) a transfer of specific property to the company, or b) money being lent to

PROXIES - meetings and resolutions: By S.136(1), any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint one more person (

When operating a business, an owner has to make numerous decisions on a daily basis. In some cases, a decision may increase profits, but the owner is uncomfortable making such a de

Implied Powers:                                     The statement of Lord Cairns in 1875 in Ashbury Rail Co Ltd v Riche (22) to the effect that a contract beyond the objects o