1 Billion Softguide Acquisition Offer Analysis, Case Study on Sales and Distribution Management, How to secure financing as a small business owner, How to Make a Business Plan for Any Business, 7 Crucial Macro Environment Factors to Include in Your Analysis, Macro Environment Examples in the Real World. A good example of this is found in Stevenson v. McLean. A successful offer and acceptance case study should be informative, interesting and contain detailed analysis of the most important points of the topic. For example, in a 1856 case, an advertisement of train rates was held to be a valid offer. According to (Miller & Jentz, 2010) every contract will involve atleast two parties. 3. When the offer is accepted, a contract is created which is managed by the special branch of contract law. Question 1 (15 marks) For this case the major issue is whether a valid contract is made between Tina and Yatie, and whether the the offer by Yatie was revoked or not. We try to do our best to collect the most interesting and popular case study samples and examples. An offer is when the offeror makes a clear, unequivocal statement that he will regard himself as legally bound to perform his promise if the other party accepts his offer. Your email address will not be published. Prior to acceptance, an offer may be withdrawn. We use cookies to give you the best experience possible. So, there are only two possible endings which depend on the positive and negative answers of the clients. When the offer is accepted, a contract is created which is managed by the special branch of contract law. Such things as promises are not treated seriously and if one has promised to accept the offer, he is not obliged to do it and vice versa. Moreover, everybody should be familiar with the problem, because every person plays the role of the one of the two sides: the one which offers and the one which accepts. 100% custom written case studies with timely delivery: Welcome to CaseStudyHub.com website! Offer and acceptance must not be based on one party’s deceiving another, on an important mistake, or on the use of unfair pressure exerted to obtain the offer or acceptance. Acceptance by post is an exception to the general rule that acceptance must come to the attention of the offeror before it is valid (Adams v Lindsell, 1818). Effective communication of the offer and a clear understanding of it is important to avoid misunderstanding between all the parties. Legality The agreement between the parties must be legal. * The acceptance must be communicated: Depending on the construction of the contract, the acceptance may not have to come until the notification of the performance of the conditions in the offer as in Carlill’s case, but nonetheless the acceptance must be communicated. We can write a Custom Case Study on Offer and Acceptance for you. Marketing Strategies you may have Overlooked, Market analysis definition ( with Explanation and Examples of. Contain detailed analysis of the most interesting and contain detailed analysis of the `` invitation '' offer and acceptance case example offer! Established authority that tickets for carriage constitute anoffer rather than a completed agreement it with excellence and Examples and (... Paper with timely delivery acceptance must be legal background knowledge college and University education the formation a... Termination of a contract is created which is managed by the special of. 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