Harvela v Royal trust of Canda (1985), Facts and Importantce

  • by

This case is concerned with the tenders in the offer and acceptance chapter of contract law

Check our First class law notes here

Facts of Harvela v Royal trust of Canada

A Company was selling shares of a company. Two people were invited and told that the one who makes the highest bid will take the shares. As the first one made a bid of $2,175,000 and the second bid was $2,100,000 with a referential bid of $101,000

As the Company accepted the second bid, but the shares was going to be selected on a fixed term. And the fixed amount of the second bid was lower than the first bid

The First bidder sued the Company for shares

Prev1 of 4