Problem:
Your Responsible Officer has heard that materials can frequently be bought more cheaply at auction or tender than from wholesalers. He has also heard much about invitation to treat and offers. You’re asked to write a brief report indicating the following matters:-
(a) The way in which a contract is made by offer and acceptance.
(b) How an offer distinct from an invitation to treat.
(c) How an offer and acceptance are made when goods are bought at auction.
(d) How an offer and acceptance are made when goods are bought by the tender.
(e) What is meant by consideration?
(f) What is meant by an intention to create legal relations?
(g) How an offer might lapse.
(h) The capacity of minors to enter in contractual agreement.