What is the ratio in Daulia v Four Millbank Nominees?

When performance of a unilateral contract begins, the offer becomes irrevocable through an implied collateral contract not to revoke during performance.

What did the court decide in Daulia v Four Millbank Nominees?

The court held that Four Millbank could not revoke their offer once Daulia had begun performance by attending with the required banker's draft.

Why is Daulia v Four Millbank Nominees important for contract law?

It resolved the theoretical problem of revocation during performance of unilateral contracts, providing essential protection against unfair revocation and ensuring commercial certainty.

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