Owner of shares invited tenders by sealed
bids.
bids.
Undertook to sell to highest bidder.
House of Lords held this was an offer.
Final bid completed preliminary contract which
bound owner to sell under a second contract.
bound owner to sell under a second contract.
[NB without undertaking to sell to highest
bidder, invitation to tender would not have been an offer]
bidder, invitation to tender would not have been an offer]
