Understand that one action has the responsibility and consequences. Legal age at 18 years old. Agreement: combination of both offer and acceptance. In order to create a binding contract both parties are needed to have mutual understanding/agreement. Consideration: both parties between promisor and promise must each receive benefits and suffer. Contract based on exchange terms and conditions
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relationships are developed between not only the three main characters‚ Jim‚ Judy‚ and Plato‚ but also between the supporting cast members such as Jim and Buzz. All of these relationships are developed to lead to the greater theme of searching for acceptance. The first relationship that is worthy of discussion in the relationship between Jim and his father. In every part of the movie‚ Jim is trying to get his father to stand up to his mother. He even states‚ “If he had guts to knock Mom cold once
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contract The green van Hubert’s initial e-mail is merely an invitation to treat‚ demonstrating only a willingness to negotiate rather than an intention to be bound by acceptance. The response from Philip to Hubert’s preliminary enquiry about the green van is‚ however‚ clearly an offer. There is intention to be bound by acceptance‚ demonstrated by the expression “when do you want it?”‚ combined with identification of the essential elements – the price (£30‚000) and the subjects (the green van). There
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INTRODUCTION A contract has been defined as a legally binding agreement or‚ in the words of Sir Frederick Pollock: ‘A promise or set of promises which the law will enforce’. However‚ not all promises or agreements give rise to contracts. According to the case study‚ Andrew‚ who works as a salesman at Wholesome Vegetables Ltd‚ offering to sell Ben 100 bags of potatoes at £10 per bag. At first Ben accepted Andrew’s offer but when he heard the news about a slump in the price of potatoes which has
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wanted to cancel the contract‚ but couldn ’t reach Sam -Left a voice message‚ Sam received on Monday Bob does not wish to take and pay for the goods ADVISE in relation to Offer and Acceptance if an agreement has been formed. Key Issues Was there an Invitation to Treat? Who made the Offer? Who made the acceptance? Does Postal Rule Apply? Revocation of Offer First Issue: Was there an Offer? Who is the offeror? In the given case‚ the quotation sent by Sam to Bob on Tuesday is not an offer
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| |1) Customer Acceptance On |S.A Bashir Ahmad‚ |IV: Storage Charge‚ |Sampling Design |330 Individuals |Customer in Ar-Rahnu |There was significant relationship | |Islamic Pawn Broking: A |Nurudin Mansor & A. |Service Quality‚ Locality | |Respondents |MAIDAM Dungun |between the customer acceptance of | |Malaysian Case |Nurul
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court of law. There are three essential elements that must be proven to establish a contract. The first element that must be established is whether or not there was an agreement between the parties. There must be an offer proposed by on party‚ and acceptance by the other. The second element is whether or not there was the intention to create legal relations. Each party must intend to create legally enforceable obligations in the form of a contract between one another. The third element‚ which needs
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contract between James and Mark. Step 2: There are three major requirements to form a legally enforceable contract which are agreement‚ intention and consideration. The element that requires discussing here is the element of agreement. Both offer and acceptance must contain in an agreement. Offer is defined as the statement that indicates willingness to contract. An offer must be sufficiently complete. Besides‚ a contract should outline the basic aspects of the offer (Duperouzel 2014). An offer of the
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Cheat Sheet: Note: UCC governs the sale of goods; NOT SERVICES Offer+acceptance+consideration=contract Four types of contracts: 1. consideration: when you have a contract for a bargained for exchange where the promisor receives a benefit to the promisee’s detriment; note: benefit/detriment has to induce the promise 2. moral obligation: promise+antecedent benefit (rare) 3. promissory estoppel: a contract exists when a person reasonably relies upon a promise to his detriment 4. form: some contracts
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Customer Acceptance Provisions The customer is allowed to cancel the arrangement when a seller delivers a product that the customer has not yet agreed to purchase or delivers a product that does not meet the specifications of the customer’s order - Revenue should not be recognized (sale has not occurred) a. Acceptance provisions in arrangements that purport to be for trial or evaluation purposes. In these arrangements‚ revenue should not be recognized until the earlier of when acceptance occurs
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