Hi does anyone know what type of contract this would be under?
X made an offer to sell something to y for £1000 on Monday. y replied “I will buy it if I can manage to raise the funds”. x promised that she would not sell to anyone else before the following Monday, and added that y could collect the ring any time before noon on the Monday
I'm stuck, at first I thought unilateral but I'm wrong
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Type of Contract? watch
- Thread Starter
- 17-03-2016 22:08
Online19Very Important Poster
- Very Important Poster
- 17-03-2016 22:17
what spartan said ....Last edited by 999tigger; 22-03-2016 at 10:29.
- 21-03-2016 20:11
It's collateral; fulfilling an obligation as per the contract will lead to the execution of performance of another contract. Check out the case of Carlill v Carbolic Smoke Ball, for example, where the contract of buying a product and using it as described and STILL catching influenza collaterally created another contract!