Contracts & Auctions (Traditional & Online)

[arwa]

PA
Hi everybody,
I'm having difficulty understanding how a contract views the “offer and acceptance” rule as it relates to auctions, both online and traditional. Specifically, when is an offer made, and what can affect this determination?

Please help me out.

Regards,
Arwa

 

[BelizeBreeze]

It's called homework for a reason.

 

[arwa]

Please keep your funny jokes to yourself .....I'm 35 years old and through with school...besides who has homework in Dec 12, schools are closed by now.

 

[BelizeBreeze]

Please keep your funny jokes to yourself .....I'm 35 years old and through with school...besides who has homework in Dec 12, schools are closed by now.

Want to bet? My daughters don't get out of school for another four days.

You failed this test also.

 

[shortbus]

Every bid is an offer. The seller has agreed in advance to accept the highest bid. Simple.

Yeah, there's weird variants on this (dutch auction) but when you're on ebay you're already operating under the terms of a meta-contract -- the terms of service of the website, that you agree to when you sign up -- that define how contracts are formed between bidders and sellers. These supercede the traditional offer/acceptance rules.