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Types of Laws (Law of Contract (Formation of Contract (CONSIDERATION…

- - - - distinguished from invitation to treat
    - - Tan Chee Hoe v Ram Jemthmal Punjabi (1983)
        
        When the purchaser accepted the offer by signing the Acceptance Copy, he added the phrase 'who will then hold the same as stakeholders'
        
        There is no binding or valid contract as acceptance was not in exact compliance with terms of offer
    - - Consideration can be labor (performance)
      - There is also a subsidiary enforceable contract
      - Past consideration is not consideration
      - Consideration in a contract need not be adequate
    - - Balfour v. Balfour (1918) 2 KB 571
      - Merritt v. Merrit (1970)
  - - - adopted from English Statute of Frauds 1677
    - - Contract itself need not necessarily be in writing, so long as there is written evidence of the existence of the contract