- 20 Marks
BCL – L1 – Q14 – Contract Law
State the legal effect of PrimeRock Ltd's actions in accepting a tender for bulldozers.
Question
A Company known as PrimeRock Ltd, invited tenders for the supply of 2000 bulldozers to be delivered within seven months. Daniel put in a tender stating that he is prepared to supply the bulldozers at fifty thousand Ghana Cedis (GHS $50,000.00). The company accepted the tender by a letter, and subsequently gave various orders which were executed by Daniel. The Director of Finance claims there is no valid agreement to support the payments.
Required:
(a) State briefly the legal effect of the company’s actions.
(b) State THREE (3) things that are required of a wary contracting party.
Find Related Questions by Tags, levels, etc.
- Tags: Caveat Emptor, Caveat Venditor, Contract Law, Due diligence, Sale of Goods
- Level: Level 1
- Topic: Contract Law
Report an error
