Editing Contracts/Offer
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Treitel defines an offer as "an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed", the "offeree".<ref>{{cite book |author=Treitel, GH |author-link2=Guenter Treitel |title=The Law of Contract |edition=10th |page=8}}</ref> An offer is a statement of the terms on which the offeror is willing to be bound. It is the present contractual intent to be bound by a contract with definite and certain terms communicated to the offeree. | Treitel defines an offer as "an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed", the "offeree".<ref>{{cite book |author=Treitel, GH |author-link2=Guenter Treitel |title=The Law of Contract |edition=10th |page=8}}</ref> An offer is a statement of the terms on which the offeror is willing to be bound. It is the present contractual intent to be bound by a contract with definite and certain terms communicated to the offeree. | ||
The expression of an offer may take different forms and which form is acceptable varies by jurisdiction. Offers may be presented in a letter, newspaper advertisement, fax, email verbally or even conduct, as long as it communicates the basis on which the offeror is prepared to contract. | The expression of an offer may be take different forms and which form is acceptable varies by jurisdiction. Offers may be presented in a letter, newspaper advertisement, fax, email verbally or even conduct, as long as it communicates the basis on which the offeror is prepared to contract. | ||
Whether the two parties have reached agreement on the terms or whether a valid offer has been made is an issue which is determined by the applicable law. In certain jurisdictions, courts use criteria known as 'the objective test' which was explained in the leading English case of ''[[Smith v. Hughes]]''.<ref>''[[Smith v. Hughes]]'' (1871) LR 6 QB 597</ref><ref name=Ermogenous>{{cite AustLII |litigants=[[Ermogenous v Greek Orthodox Community of SA Inc]] |year=2002 |court=HCA |num=8 |parallelcite=(2002) 209 [[Commonwealth Law Reports|CLR]] 95}}.</ref> In Smith v. Hughes, the court emphasised that the important thing in determining whether there has been a valid offer is not the party's own (subjective) intentions, but how a reasonable person would view the situation. The objective test is largely superseded in the UK since the introduction of the [[Brussels Regime]] in combination with the [[Rome I Regulation]]. | Whether the two parties have reached agreement on the terms or whether a valid offer has been made is an issue which is determined by the applicable law. In certain jurisdictions, courts use criteria known as 'the objective test' which was explained in the leading English case of ''[[Smith v. Hughes]]''.<ref>''[[Smith v. Hughes]]'' (1871) LR 6 QB 597</ref><ref name=Ermogenous>{{cite AustLII |litigants=[[Ermogenous v Greek Orthodox Community of SA Inc]] |year=2002 |court=HCA |num=8 |parallelcite=(2002) 209 [[Commonwealth Law Reports|CLR]] 95}}.</ref> In Smith v. Hughes, the court emphasised that the important thing in determining whether there has been a valid offer is not the party's own (subjective) intentions, but how a reasonable person would view the situation. The objective test is largely superseded in the UK since the introduction of the [[Brussels Regime]] in combination with the [[Rome I Regulation]]. |