Termination of Offer in Contract (NG)

N.B. This article is particular to Nigeria. TERMINATION OF OFFER An offer in contract may be terminated by some means. Termination of offer may be by revocation, lapse of time, death of the offerror or offeree, or rejection. 1. By Revocation An offer may be revoked any time before acceptance. The revocation of an offer before acceptance […]

ACCEPTANCE IN CONTRACT (Explanation, Invalid Forms & Communication)

N.B. This article is particular to Nigeria. ACCEPTANCE Another constituent part of a contract is ‘Acceptance’, i.e, for there to be a contract, there has to be an acceptance. In (Zackem Construction Nig. Ltd v. Emmanuel Nneji), the court held thus: “An offer must be accepted in order for a transaction to crystalize into a contract”. Acceptance […]

OFFER IN CONTRACT & Invitation to Treat (Definitions, More) NG

N.B. This article is particular to Nigeria. OFFER An offer may be defined as a definite undertaking or promise made by one party with the intention that it shall become binding on him (the maker) as soon as it is accepted by the party to whom it is addressed. The person making the offer is known as […]