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Unformatted text preview: Smoke Ball, 1893, p 21 of supplement) Two types of contracts Bilateral contract promise in exchange for promise Consideration mutual exchange of promises Unilateral contract promise in exchange for act or service Consideration promise in exchange for an act Offer proposal and intent Invitation to treat, soliciting offers = not true offer, cant be accepted as there is no intent Has to be clear, unambiguous, and contain all the terms Courts look for three key terms 1 parties 2 exchange 3 subject matter of contract R v 279202 Alta Ltd. (Visions Electronics) 1991 Kianapple Principle...
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This note was uploaded on 12/10/2011 for the course COMM 393 taught by Professor Elaine during the Spring '10 term at The University of British Columbia.
- Spring '10