... Law of Contract is a set of doctrines and principals concerned with answering 3 questions. Firstly, whether there is a binding and how such a binding promise is made, secondly, is it a promise that should be legally recognized or enforced and thirdly, what remedies are available to an injured party when a contract has been breached. As defined by Sir Guenter Treitel "a contract is an agreement giving rise to obligations which are enforced or recognized by law. What distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting parties1". The material facts of the question raise the following issues: i. Was the advertisement a unilateral offer or a mere invitation to treat, if so, did Yogesh make a counter offer by proposing to purchase the computer at £450 ii. In agreeing to give Yogesh "10 minutes" to rethink the offer, did this statement become ...

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