Вопрос
(d) Outline six ways an offer of an electrical contract can be terminated. (6 marks)
Решения
4.5334 голоса
Ирина
профессионал · Репетитор 6 летЭкспертная проверка
Отвечать
offer of an electrical contract can be terminated in several ways. Here are six common methods:<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />These methods ensure that both parties have the flexibility to terminate an offer under various circumstances, maintaining the integrity of the contractual process.
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