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...itation’. An offer, once made, can be revoked before acceptance unless it is under seal. An offer can also expire if a deadline for acceptance passes. If there is no specified deadline, then the offer expires in a ‘reasonable time’, depending on the subject matter of the contract. For perishable goods such as food, a ‘reasonable time’ would likely be a matter of days. The ‘reasonable time’ would be longer where the subject matter of the contract is a building. The question of whether a contract exists or not depends on the three vital elements of a contract, namely, offer and acceptance, consideration and intention to enter legal relations. The answer of whether or not a contract exists depends on two fundamentals of a contract, which are: • Consideration and Intention • Offer & Acceptance (a) In this case the contract of roses does exist based on these two fundamentals. However the contract became void when Butch did not have the required funds to fulfill the amount on the receipt. (b) Intially The contract for the roses did exists and it was made when Butch accepted Animal’s offer of dispatching the roses on a receipt of A$ 10,000 (c) No, Animal cannot apply for the A$ 5,000 overpayment from the previous purchase to the cost of 500 dozen roses because the A$ 5,000 overpayment was a different business transaction and the cost of 500 dozen roses is a different transaction. However if Butch agrees on deducting the overpayment from the receipt of 500 dozen roses he is entitled to do so. (d) Tran does not have a claim against Butch because when Butch rewarded Tran with A$ 100 he accepted it gratefully and did not object on the reward being very less. If Tran at the time of being rewarded had shown displeasure and would have discussed the advertised amount of...