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Chapter 2
Vague statements
A statement cannot constitute an offer if it is not sufficiently specific. For example, an
offer to sell someone a car for £5,000 is valid, but a statement that a person will sell
‘…one of my cars for about £5,000’ is not an offer: it is vague and uncertain.
Termination of the offer
Once an offer has been terminated it cannot be accepted.
An offer can be terminated in the following ways:
Rejection and counter offer
Revocation
Lapse of time
Failure of a pre-condition.
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