Question: Question 1. Explain the difference between a bilateral offer and unilateral offer and give an example for each. Question 2. Mr Kane makes an offer

Question 1.

Explain the difference between a bilateral offer and unilateral offer and give an example for each.

Question 2.

Mr Kane makes an offer to Mr Charles to sell to him five herds of cattle at $15,000. Mr Charles then tells Mr Kane that he will give him $13,000 for five herds of cattles.

With the aid of authorities, explain what has happened here and what is its effect on the offer Mr Kane made?

Question 3.

With the aid of cases/examples, explain the difference between a void contract and a voidable contract.

Question 4.

With the aid of authorities, highlight the exception to the principle that past consideration is no consideration.

These question are from the subject; (Business Law).

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