The implications of an irrevocable offer to purchase
If an irrevocable offer is couched in the following terms, “This offer is irrevocable until 19h00 on 20thDecember 2018 and is binding upon acceptance, irrespective of notification of acceptance to the purchaser/seller or not”, what are the legal implications? The Supreme Court of appeal had occasion to decide this deceptively simple question in Geldenhuys NO […]