<div style='margin-bottom: 20px;'> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">How does English Law of contract interpret an offer and its acceptance?</h2> <p style="font-weight: normal; font-size: 1.2rem;">Objectively, by the interpretation a reasonable person in the position of the offeree would place on the offer, not subjectively by what passed through the mind of the offeror.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What are the key elements required for a court to recognize an agreement as a contract?</h2> <p style="font-weight: normal; font-size: 1.2rem;">The presence of offer and acceptance, along with other required elements, is necessary for a court to recognize an agreement as a contract.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What distinguishes a unilateral contract from other types of contracts?</h2> <p style="font-weight: normal; font-size: 1.2rem;">A unilateral contract involves one party making a promise that is open to anyone who performs the required action, without needing a reciprocal promise.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">Why is a mere statement of price not considered an offer in contract law?</h2> <p style="font-weight: normal; font-size: 1.2rem;">Because it does not imply a willingness to sell at that price to the person making the inquiry, lacking the intention to be bound by the terms.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">Why are some contracts considered unenforceable despite being valid agreements?</h2> <p style="font-weight: normal; font-size: 1.2rem;">They are not enforceable due to a technical shortcoming, despite the law having provisions for enforcement.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">How does the law differentiate between an offer and an invitation to treat?</h2> <p style="font-weight: normal; font-size: 1.2rem;">An offer indicates a readiness to form a binding contract upon acceptance, while an invitation to treat is merely an invitation to negotiate or make an offer.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What distinguishes a contract from an agreement?</h2> <p style="font-weight: normal; font-size: 1.2rem;">A contract is a specific type of agreement that is legally binding and enforceable in a court of law, whereas an agreement is any understanding or arrangement between two or more parties.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">How does the law determine the existence of a contract?</h2> <p style="font-weight: normal; font-size: 1.2rem;">The law uses an objective test, examining what the parties said and did, not their intentions, to ascertain if the parties ought to be bound by the contract.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What principle did the case of Smith v. Hughes illustrate regarding contract formation?</h2> <p style="font-weight: normal; font-size: 1.2rem;">The principle of caveat emptor (buyer beware), where a person's conduct can bind them to a contract if a reasonable person would believe they were assenting to the terms.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What are the essential elements required for the formation of a contract?</h2> <p style="font-weight: normal; font-size: 1.2rem;">Agreement between parties, intention to create legal obligations, observance of prescribed forms, legality and possibility of the object, and capacity of the parties.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">In the context of retail, when is a contract considered to be formed between a customer and a store?</h2> <p style="font-weight: normal; font-size: 1.2rem;">A contract is formed at the moment the pharmacist at the cash desk accepts the customer's offer to buy the goods, which is made by placing the goods into a basket.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What is the significance of an offer in the formation of a contract?</h2> <p style="font-weight: normal; font-size: 1.2rem;">An offer is crucial as it expresses a willingness to contract on certain terms, intending to become binding upon acceptance.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What are the essential elements required to form a contract?</h2> <p style="font-weight: normal; font-size: 1.2rem;">Offer and acceptance, consideration, and an intention to create legal relations are essential elements required to form a contract.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">How is an offer accepted according to traditional contract law?</h2> <p style="font-weight: normal; font-size: 1.2rem;">An offer is accepted when the acceptance is communicated to the offeror, either by words or conduct.</p> </div> <div style="margin-bottom: 10px; background-color: #f2f2f2; border-radius: 1rem; padding: 10px 20px;"> <h2 style="font-weight: bold; margin-bottom: 3px; font-size: 1.5rem;">What distinguishes a void contract from a voidable contract?</h2> <p style="font-weight: normal; font-size: 1.2rem;">A void contract cannot be performed under the law, while a voidable contract can still be performed, but the unbound party has the option to void it.</p> </div> </div>