What is the ratio in Ramsgate Victoria Hotel v Montefiore?

An offer lapses after a reasonable time when no specific time limit is given, with what is reasonable depending on the subject matter and circumstances.

What did the court decide in Ramsgate Victoria Hotel v Montefiore?

The court held that six months was an unreasonable delay for accepting a share application, so the offer had lapsed and could not be accepted.

Why is Ramsgate Victoria Hotel v Montefiore important for contract law?

It established that offers don't remain open indefinitely, providing commercial certainty by requiring acceptance within reasonable time limits based on circumstances.

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