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contract

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contract

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • October 15, 2017 at 6:58 am #411040
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    An placed an advertisement in the friday edition of a local paper stating:

    ‘ Unique opportunity to own a Bell print for $500 cash. Offer valid for one day only- tomorrow Saturday.’

    – Could you explain how does this constitute of an offer and not invitation to treat?

    October 15, 2017 at 7:04 am #411047
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    This is similar to a past exam question where an item was offered for sale with the words “This is a serious offer”

    In that case, there was a tight time limit and payment of cash was specified

    To answer your question … we’re in an area where the difference between black and white is 50 shades of grey

    It would seem that where such an advert as the one you have quoted looks like it’s making it absolutely clear that it is an offer, then it’s an offer

    But, I agree with you, it’s a tricky area

    Does that help?

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  • The topic ‘contract’ is closed to new replies.

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