Termination of Offer in Contract

Termination of offer in contract

TERMINATION OF OFFER 1. By Revocation An offer may be revoked any time before acceptance. The revocation of an offer before acceptance involves no liability on the part of the offeror even though he promises to keep the offer open for a specific period of time and nevertheless revokes the offer before the expiration of … Read moreTermination of Offer in Contract

ACCEPTANCE IN CONTRACT (Explanation, Invalid Forms & Communication)

Acceptance in Contract

ACCEPTANCE Another constituent part of a contract is acceptance, i.e, for there to be a contract, there have to be 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 can be define as the final and … Read moreACCEPTANCE IN CONTRACT (Explanation, Invalid Forms & Communication)

OFFER IN CONTRACT and Invitation to Treat (Definitions & More)

offer in contract

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 the offeror while the person … Read moreOFFER IN CONTRACT and Invitation to Treat (Definitions & More)

Contract in Law: Definition and Classification

contract definition and classification

Definition of Contract A contract can be defined as an agreement which the law with recognize as affecting the legal rights and duties of parties. Tobi JCA defined contract thus: “An agreement between two or more parties which creates reciprocal legal obligations to do or not to do particular things”.  Also, in (Akinyemi v. Odu’A … Read moreContract in Law: Definition and Classification

Historical Theory of Law: Meaning, Explanation, Arguments for and against

Historical Theory of Law

German Historical School of Jurisprudence The Historical theory of law argues and states that law should be a product of the custom of the society. As we can simply derive from the meaning of the word ‘history’ – the Historical school of jurisprudence is of the opinion that law should be a restatement of the … Read moreHistorical Theory of Law: Meaning, Explanation, Arguments for and against

Classifications of Law should be the Lawyer’s Servant and not his Master

Princiology - Classifications of law

Classifications Of Law as servant Not Master It is important to know this. That the classifications of law are the lawyer’s servant, not his master. With simple semantic analysis, the classifications of law are the classes or groups into which laws have been divided or segmented, according to some common relations or attributes. Some of … Read moreClassifications of Law should be the Lawyer’s Servant and not his Master

Pure Theory of Law Meaning and Proving as the Most Acceptable Theory of Law

Princiology - Pure theory of law

PURE THEORY OF LAW Out of the multiple theories of law, I personally do love the Pure theory of Law. I love the concept and reasoning behind it. So, this post is not just about the Pure theory of Law, but to also prove it as the most acceptable theory of all. Stay tuned. To … Read morePure Theory of Law Meaning and Proving as the Most Acceptable Theory of Law

Natural and Positive theory of law: comparison and contrast

Princiology - Statue of Liberty

Comparison and Contrast of Natural and Positive Theory of Law These two are most likely the most popular of the theories of Law. Perhaps, because they are simple and easy to understand. Nevertheless, they can also be confusing or hard to get. So, it is important that we know the similarities and differences between the … Read moreNatural and Positive theory of law: comparison and contrast