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(d) outline six ways an offer of an electrical contract can be terminated. (6 marks)

Вопрос

(d) Outline six ways an offer of an electrical contract can be terminated. (6 marks)

Решения

4.5 (334 Голоса)
Ирина
Экспертная проверка
профессионал · Репетитор 6 лет

Ответ

offer of an electrical contract can be terminated in several ways. Here are six common methods:1. **Revocation**: The offeror can revoke the offer before it is accepted, provided that the revocation reaches the offeree before they accept the offer. This effectively cancels the offer.2. **Rejection**: The offeree can reject the offer outright, which terminates the offer. Once rejected, the offer cannot be accepted unless it is re-offered.3. **Counteroffer**: The offeree can make a counteroffer, which is a new offer that replaces the original one. The original offer is considered terminated once the counteroffer is received.4. **Lapse of Time**: If the offer specifies a time frame for acceptance and that time expires before acceptance is communicated, the offer automatically terminates.5. **Death or Insanity of the Offeror or Offeree**: If either party dies or becomes legally insane before acceptance is communicated, the offer is terminated.6. **Subsequent Illegality**: If the subject matter of the offer becomes illegal due to a change in law or regulation after the offer is made but before acceptance, the offer is terminated.These methods ensure that both parties have the flexibility to terminate an offer under various circumstances, maintaining the integrity of the contractual process.