Lecture 1 Offer and acceptance IWhat is an offer?Key principles: An offer is a statement which objectively indicates that the offeror is prepared to contract on specified terms.Harvey v Facey 1893 A.C. 552 p7.Fact: P: “Will you sell us Bumper Hall Pen? Telegraph lowest cash price” D: “Lowest price 900 pounds”P: “We agree to buy for the sum of 900 pounds asked by you” D refused to sell.Held: D is not bound. Ps first telegram asked two questions and D answered only the second.
