How contractual offer may come to an end

Document Type:Coursework

Subject Area:Law

Document 1

An agreement comes into existence when an offer by one party is indisputably accepted by another and both parties have the obligatory ability. Some consideration must be there and the parties must have anticipated their dealings to give rise to a legally binding agreement. An offer should have first been accepted before coming to an end. An offer can be terminated through; revocation, lapse of time, the death of the offeror or insanity, and many others. This paper discusses ways in which an offer can come to an end or terminated. The firm took legal action for the worth of shares, the defendant pleaded that the offer was not accepted within a reasonable time. Death. If the offeror or the offeree dies before the acceptance then the offer is terminated.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template

Downloadable