N.B. This article is particular to Nigeria. TERMINATION OF OFFER An offer in contract may be terminated by some means. Termination of offer may be by revocation, lapse of time, death of the offerror or offeree, or rejection. 1. By Revocation An offer may be revoked any time before acceptance. The revocation of an offer before acceptance…
N.B. This article is particular to Nigeria. ACCEPTANCE Another constituent part of a contract is ‘Acceptance’, i.e, for there to be a contract, there has to be an acceptance. In (Zackem Construction Nig. Ltd v. Emmanuel Nneji), the court held thus: “An offer must be accepted in order for a transaction to crystalize into a contract”. Acceptance…
N.B. This article is particular to Nigeria. OFFER An offer may be defined as a definite undertaking or promise made by one party with the intention that it shall become binding on him (the maker) as soon as it is accepted by the party to whom it is addressed. The person making the offer is known as…
N.B. This article is particular to Nigeria. Definition of Contract A contract can be defined as an agreement which the law will recognize as affecting the legal rights and duties of parties. Tobi JCA defined contract thus: “An agreement between two or more parties which creates reciprocal legal obligations to do or not to do particular things”. …
German Historical School of Jurisprudence The Historical theory of law argues and states that law should be a product of the custom of the society. As we can simply derive from the meaning of the word ‘history’ – the Historical school of jurisprudence is of the opinion that law should be a restatement of the…
Classifications Of Law as servant Not Master It is important to know this. That the classifications of law are the lawyer’s servant, not his master. With simple semantic analysis, the classifications of law are the classes or groups into which laws have been divided or segmented, according to some common relations or attributes. Some of…
Comparison and Contrast of Natural and Positive Theory of Law These two are most likely the most popular of the theories of Law. Perhaps, because they are simple and easy to understand. Nevertheless, they can also be confusing or hard to get. So, it is important that we know the similarities and differences between the…