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BCL – L1 – SA – Q28 – Contract Law
Eckerly Realty’s offer expires June 30. Masse’s acceptance arrives July 1. Is there a contract?
Question
On May 1, 2005, Eckerly Realty Inc. mailed a written offer to Masse for the sale of an office building. The offer included an express term that it would expire on June 30, 2005, if the acceptance was not delivered into the hands of the offer by the expiration date. On June 30, 2005, at 8:00 a.m., Masse sent a written acceptance to Eckerly via Masse’s personal messenger. However, the messenger was not able to deliver the acceptance until July 1, 2005. On July 2, 2005, Eckerly contacted Masse, informing him that the acceptance had been delivered one day late. As a result, Eckerly refused to honour the acceptance. Which of the following is the most correct statement?
A However, if Masse would have mailed the acceptance on June 30, 2005, a contract would have been created.
B There is a contract between Eckerly and Masse. The moment that Masse gave the acceptance to the messenger; a contract was formed because acceptances are valid immediately upon dispatch.
C There is a contract between Eckerly and Masse. The fact that the acceptance arrived only one day late is of no significance.
D There is no contract between Eckerly and Masse.
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BCL – L1 – SA – Q24 – Contract Law
Back-Talk offers to sell servers to Gatekeeper, who requests faster delivery. Is there a contract?
Question
On May 1, Back-Talk Computer Store offered to sell five (5) computer servers to Gatekeeper Company for $5,000.00 each, delivery to be on May 30. Later that day (May 1), Gatekeeper responded that it would buy the computers only if they were delivered within three business days. Back-Talk notified Gatekeeper the next day, May 2, that it would not be able to deliver the goods within the time requested by Gatekeeper. Which of the following is true regarding Back-Talk’s offer?
A There is no contract between Back-Talk and Gatekeeper.
B Gatekeeper’s additional term became part of the contract, so Back-Talk is obligated to deliver the goods within three business days.
C Back-Talk’s offer was accepted by Gatekeeper.
D Gatekeeper may later accept Back-Talk’s May 1 offer if it is then willing to accept delivery in four weeks.
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BCL – L1 – SA – Q19 – Contract Law
Evaluates if a letter about a watch is an offer.
Question
Jackson Jewellers wrote to Miller, “We have received an exceptionally self-winding Rolox watch which we will sell to you at a very favourable price.”
A The letter is an offer to sell.
B A valid offer cannot be made by letter.
C The letter contains a valid offer which will terminate within a reasonable time.
D The letter lacks one of the essential elements of an offer.
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BCL – L1 – SA – Q18 – Contract Law
Assesses if a letter constitutes a valid offer.
Question
Barnes wrote Morgan, “I will sell you my house and lot at 123 East Elm Street, Accra, Ghana for $950,000 payable upon merchants.” If the letter contains terms which are deemed sufficiently certain and definite, which of the following statements is correct?
A Barnes’ letter is not an offer unless Barnes intended it to be an offer.
B Barnes’ letter is not an offer unless Morgan thought Barnes intended to make an offer.
C Barnes’ letter is an offer if a reasonable person with full knowledge of the circumstances would be justified in thinking it was intended as an offer.
D Morgan would be justified in thinking it was intended as an offer.
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BCL – L1 – Q13 – Contract Law
Explain the concept of contractual obligation and elements of a valid contract.
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- Tags: Acceptance, Capacity, Consideration, Contract Law, Contractual Obligation, Offer, Valid Contract
- Level: Level 1
- Topic: Contract Law
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