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  2. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    Prior to acceptance, an offer may be withdrawn. As acceptance must be communicated, the offeror cannot include an Acceptance by Silence clause. This was affirmed in Felthouse v Bindley, [36] here an uncle made an offer to buy his nephew's horse, saying that if he did not hear anything else he would "consider the horse mine". This did not stand ...

  3. Felthouse v Bindley - Wikipedia

    en.wikipedia.org/wiki/Felthouse_v_Bindley

    Though the nephew expressed interest in completing the sale there was no communication of that intention until after the horse was sold at auction on 25 February. The nephew's letter of 27 February which was submitted as evidence by Felthouse was judged to be the first instance of communication where the acceptance was communicated to the ...

  4. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    Day 2: A decides to revoke the offer and puts a letter in the mail to B revoking the offer. Day 3: B puts a letter accepting the offer in the mail. Day 4: B receives A's revocation letter. The letter of revocation can be effective only when received, that is Day 4. However, a contract was formed on Day 3 when the letter of acceptance was posted.

  5. Payne v Cave - Wikipedia

    en.wikipedia.org/wiki/Payne_v_Cave

    The court held that Mr Cave was entitled to withdraw his offer at any time before the auctioneer accepted it. The auctioneer's request for bids was an invitation to treat, and each bid constituted an offer which could be withdrawn at any time until it's accepted, and finally, the fall of the auctioneer's hammer constituted acceptance of the highest bid.

  6. Rare letter signed by Founding Fathers expected to fetch $1 ...

    www.aol.com/rare-letter-signed-founding-fathers...

    A rare letter signed by three of the Founding Fathers of the United States is going on sale, and is expected to fetch up to $1 million when it goes under the hammer next week.

  7. Einstein love letters pit billionaire against top auction ...

    www.aol.com/einstein-love-letters-pit...

    Safra says in the court filings that Christie’s put the Einstein letters on the auction block in spite of his objections, as they were tied to a $63 million loan he personally guaranteed, using ...

  8. Albert Einstein’s love letters sold at ‘fire sale’ price of ...

    www.aol.com/albert-einstein-love-letters-sold...

    Christie's Auction House sold billionaire Jaqui Safra prized collection of Albert Einstein's "Love Letters" at "fire sale" prices to boost profits, court papers allege.

  9. Harris v Nickerson - Wikipedia

    en.wikipedia.org/wiki/Harris_v_Nickerson

    Harris v Nickerson (1873) LR 8 QB 286 is an English law case concerning the requirements of offer and acceptance in the formation of a contract. [1] The case established that an advertisement that goods will be put up for auction does not constitute an offer to any person that the goods will actually be put up, and that the advertiser is therefore free to withdraw the goods from the auction at ...