LAW 122 Final: class 8_part 1 of 4
2 Apr 2017
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2b) managing risk: invitation to treat (invitation for offers) No, it is considered an invitation for offers. Invitation to treat = willingness to receive offers: Person responding to invitation makes an offer. Person making invitation may then accept the offer. Remeber: offer turns into contract by acceptance. But offer may be terminated before acceptance. Practice: he promises to give you his law book. However tomorrow he says he changes his mind. But you think that it is still mine: just a promise, he wasn"t getting anything in return (no consideration, he will give book. But this time you want it in writing i promise to give the book to you tomorrow . Also you want it dated and signed with also a witness. In this case this is still not a contract, even though it is written. There is still no consideration, no liability/ no exchange.
