- 9 Marks
BL – MAY 2016 – L1 – SB – Q2b – Law of Contract
This question addresses the concept of counter-offer, circumstances that can lead to the termination of an offer, and provides legal advice on a breach of contract case.
Question
b. For a contract to be valid, there must be offer and acceptance, among other
elements.
Required:
i. Explain briefly “Counter-Offer” in the law of contract. (2 Marks)
ii. State FOUR circumstances that may lead to the termination of an offer. (4 Marks)
iii. Esther sold a bale of Ankara cloth to Mama Ope who agreed that she would not sell the cloth above ₦1,000 per piece. Bode bought twenty pieces of the cloth from Mama Ope at ₦1,000 per piece and later resold them at ₦1,500 per piece. Esther wants to sue Bode for breach of contract.
Required:
Advise Esther on her legal rights in this case. (3 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Contract Law, Offer and Acceptance, Termination of Offer
- Level: Level 1
- Topic: Law of Contract
- Series: MAY 2016
Report an error