What is an example of the legal term an 'Invitation to treat'?
A.
A response to a quotation from a supplier
B.
An invitation to another person to make an offer to contract
C.
An invitation to work in partnership with another supplier
D.
A formal agreed contract between two or more parties
The Answer Is:
B
This question includes an explanation.
Explanation:
An invitation to treat is a legal concept that refers to an indication that a party is open to receiving offers, but it is not an offer in itself. Common examples include advertisements, display of goods in shops, or issuing a tender. It invites others to make offers, which may or may not be accepted.
[Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 1, Section 1.2.1 – The formation of a contract including offer, acceptance and invitation to treat., , ]
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