ADMS 2610 Lecture Notes - Charitable Organization, Trade Union, Estoppel
Document Summary
An agreement whereby one party agrees to do something in return for something else. Invitation to treat: offer, events which bring offer to an end, rejection, counter-offer, revocation, lapse, consideration, acceptance. Legality is however dictated by statues and public policy. That is , in respect to war etc. , public policy frown on them. Where criminal act is covered by criminal code and laws are codified. Where a person wants to sell something, he would advertise , post for sale signs, tell people that they want to sell something, i"d like to sell something. These statements are basically an open invitation to offer something and come into an agreement with anyone. This follows with how much ? this is a statement of interest. So, we start off with the invitation to treat. There is a special category of invitation to treat to goods that are on the shelve.