(a) An offer is a promise which when accepted constitutes an agreement. It may be terminated by revocation, counter offer, or lapsing. Discuss four ways in which an offer could lapse (4 marks)
(b) The general rule is that silence cannot constitute a misrepresentation. A party to a contract is therefore under no duty to disclose all material facts.
Explain the exceptions to this rule. (8 marks)
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