Business law Essay Example | Topics and Well Written Essays - 1500 words - 7

Business law - Essay Example Moreover, her offer was published in a local newspaper, read by a large group of persons. Cheryl’s offer is unilateral as she â€Å"promised† in her advertisement to sell her minibuses to anyone who will pay  £15,000. Therefore, Cheryl made a legal conditional promise. On the other hand, there is the possibility, as it happened in Cheryl’s case, that more than one person will become interested in her offer and will be willing to accept it. Thus, it is necessary to clarify, judging by each person’s actions, who has the right to enter into a contract with Cheryl. The general rule of acceptance of an offer resulted from the case of Holwell Securities V Hughes 1974, where it was stated that the acceptance of one’s offer must be communicated to the offeror by the person that is accepting the offer in any possible way. Of course, the manifestation of the acceptance must be exteriorized, so that it is understood by the offeror. Moreover, the manifestation of accepting the offer must be linked to the offer itself and the offeror must receive the acceptance. There are several manners of accepting an offer: in written form, orally or by mail. In order to understand if Cheryl has a contract with any of the accepting parties, their manners of acceptance must be analyzed. The first person – Britney – told Cheryl she would let her know within the following week whether or not she would purchase the minibuses. The following week Britney accepted the purchase price of the black minibuses for  £15,000 by speaking to Cheryl directly. In the meantime, Cheryl made an offer via an e-mail for a reduced price of  £12,000 to her friend Amy, who agrees to purchase the minibuses on the condition that they are re-sprayed white. So, Amy made a cross offer, stating that she would accept Cheryl’s offer if this condition was respected. In the case of Tinn v Hoffmann & Co (1873) 29 LT 271 it was shown that cross offers do not lead to a binding