Introduction Offer and Acceptance Introduction: For a contract to be legally binding there needs to be 4 ingredients: 1. Offer 2. Acceptance 3. Intention to create legal relations 4. Consideration Building on this‚ in order to prove that a contract is legally binding 5 things need to be proven: 1. That an agreement has been reached. This is usually done by demonstrating that one of the parties has made an offer which the other accepted. 2. The agreement has been
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INTRODUCTION Base on the data collected in the previous samples‚ the manager has made an alternative hypothesis on the following: A) The average (mean) annual income was less than $50‚000 B) The true population proportion of customers who live in an urban area exceed 40% C) The avarage (mean) number of years lived in the current home is less than 13 years D) The avarage (mean) credit balance for suburban costumers is more than $4‚300 Using the sample data‚ we will perform hypothesis
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5/2/13 Acceptance sampling - Wikipedia‚ the free encyclopedia Acceptance sampling From Wikipedia‚ the free encyclopedia Acceptance sampling uses statistical sampling to determine whether to accept or reject a production lot of material. It has been a common quality control technique used in industry and particularly the military for contracts and procurement. It is usually done as products leave the factory‚ or in some cases even within the factory. Most often a producer supplies a consumer
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What are the modes of acceptance recognised under the Contracts Act 1950 (Revised 1974) and common law. Support your answers with reference to decided cases. An acceptance must be communicated for it to be effective and valid. The mental assent of both parties is not required but the external manifestation should exist. The acceptor must dos something in order to notify his acceptance. For example‚ he should communicate his acceptance of the offeror. This can be illustrated
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Business Law: Offer and Acceptance. For a simple contract to be valid one party must make an offer and the other party accept it. An offer is made where a person (the offerer) unequivocally expresses to another (the offeree) his willingness to make a binding agreement on the terms specified by him if they are accepted by the offeree’ (Card 2002). This offer could be made to a specific person‚ in which case it cannot be accepted by anyone other than that individual. On the other hand it could
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. 7. Communication of revocation when complete. . 8. When can proposal be revoked. . 9. Mode of revocation.
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Offer and acceptance | Contract law | Part of the common law series | Contract formation | Offer and acceptance · Mailbox rule Mirror image rule · Invitation to treat Firm offer · Consideration | Defenses against formation | Lack of capacity Duress · Undue influence Illusory promise · Statute of frauds Non est factum | Contract interpretation | Parol evidence rule Contract of adhesion Integration clause Contra proferentem | Excuses for non-performance | Mistake · Misrepresentation
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Teacher work Sample: Standard 7 Lauren M. Evins EED/495 May 13‚ 2012 Professor Mark McCall Teacher Work Sample: Standard 7 Standard 7: Reflections and Self-Evaluation In the education profession‚ it is necessary for teachers to create lesson plans that adhere to national‚ state‚ and district learning standards. The ability to successfully create and implement these lessons that have goals and specific learning objectives is the responsibility of the teacher. A way to evaluate the success
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Math 533 Project Part B In regards to the dataset from AJ Department store‚ your manager has speculated the following: the average (mean) annual income is less than $50‚000‚ the true population proportion of customers who live in an urban area exceeds 40%‚ the average (mean) number of years lived in the current home is less than 13 years‚ the average (mean) credit balance for suburban customers is more than $4300. Part 1. Using the sample data‚ perform
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OFFER AND ACCEPTANCE For a contract to be valid‚ firstly there must be an AGREEMENT between the parties i.e. one party must make an OFFER which is UNCONDITIONALLY ACCEPTED by the other. OFFER What is an offer ? An offer is a promise that the person making the offer (known as the offeror) is prepared to be legally bound upon specified terms – he is making a statement of the terms on which he is prepared to be legally bound‚ for example A says to B would you like
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