Pandora advertises 200 rounds of cheese for sale by tender in a newspaper. The terms of the sale are that the closing date for the sealed bids is 10th November and that the highest bid will secure the cheese. Being pressed by her creditors, Pandora decides to open the tenders two weeks early. The two highest bids are as follows:

Anne bids '£4,000'. Beau bids '£3,500 or £100 above any other bid'. On 1st November, Pandora agrees to accept Beau's bid and Beau pays her £4,100. On 9th November Connie submits a bid of '£4,250'.

1. Advise all parties in details as to their position in contract law with case law.

Answer rating: 100% (QA)

The situation described involves contract law and it seems there are elements of offer acceptance and consideration at play Lets break down the scenar... View the full answer