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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Advances in technology will result in a growth in unemployment. Technological advances allow society to produce more output from the existing mix of resources. These advances may take the form of less costly methods of producing existing output or may result in the production of new (or substantially improved) commodities (such as DVD players‚ HDTV‚ anti-lock braking systems‚ and similar innovations). Society clearly gains from the production of either more output or more highly valued output. Nevertheless
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Impact of Technology on Employee Relations January 19‚ 2012 [pic] Fig 1. Technology affects Structure affects Employee Relations 1. How Technology impacts organization structure? Employee relations involve multiple layers of communication‚ from employer-employee relations to interactions among the workforce itself. To understand the effect of technology on employee relations we have to understand how the structure of an organization changes with the type of technology being used
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Three Key Areas Of Consumer Behavior 3.2.1. Factors affecting consumer behavior a. Personal Factors Personal factors can also affect the consumer behavior. Some of the important personal factors that influence the buying behavior are: lifestyle‚ economic situation‚ occupation‚ age‚ personality and self-concept. * Age Age and life-cycle have potential impact on the consumer buying behavior. It is obvious that the consumers change the purchase of goods and services with the passage of time
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Offer Proposal is defined under section 2(a) of the Indian contract Act‚ 1872 as "when one person signifies to another his willingness to do or to abstain from doing anything with a view to obtain the assent of that other to such act or abstinence‚ he is said to make a proposal/offer". Thus‚ for a valid offer‚ the party making it must express his willingness to do or not to do something. But mere expression of willingness does not constitute an offer. The rules regarding the offer are The offer
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Impact of Technology in Business – E-Commerce Since the introduction of the Internet in the 1950’s‚ development of technology began for use by the military until it was soon introduced to the public for commercial and private use. Throughout the decades ever since‚ technology was then on the road to sudden rapid expansion‚ with a big boom in new hardware‚ software and internet capabilities such as faster computer speeds‚ faster internet connections and efficient software. Convenient services appeared
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THE IMPACT OF TECHNOLOGY ON MARKETING IN NIGERIA BY EMMANUEL OMOBHUDE IRABOR COMPUTERS AUCHI ABSTRACT With a few exceptions‚ available literature tends to uphold the view that technology has become a universally relevant concept in every business organization. Some argue that a consistent and positive relationship exists between Marketing and Technology. This paper therefore‚ proposes that with its effects on marketing‚ organizations and practitioner can create a symbiotic
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Technologies Impact on Creative Expression Modern technology has shown to have many impacts on the way activities are both perceived and accomplished. Contemporary cars and airplanes enable us to travel longer distances then those that existed a century ago. Due to the use of cell phones and web-cams‚ a person can instantly connect with others on a global scale‚ figuratively transporting them across the globe with a simple call. Mass amounts of information can be gathered simply and efficiently
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New Technology Introduction and Implementation Kellie Smith New Technology Introduction and Implementation As the demands of today’s society are increasing with production stress‚ Organizations are looking for more ideas to cut costs and remain competitive in today’s market. With the high cost of maintaining a competitive business in today’s economy‚ organizations dig deeper into ways in which the departments’ productivity‚ the company’s internal workings‚ and external factors affect production
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Relaunch (I – old) Introduction (I – new) Ecology 2.6 4.8 Technology COPY I – old COPY I – new COPY II – new 35 50 no. of ppl. no. of ppl. no. of ppl. COPY I R&D mEUR mEUR mEUR mEUR mEUR mEUR Purchasing Input Materials/Parts 30‚000 units COPY I Production Volume Production Lines Investment Disinvestment Maintenance Rationalization 50‚000 units Type B no. of new lines no. of line(s) mEUR /line mEUR /line 1 3 Type A no. of new lines no. of line(s) mEUR /line 1 mEUR
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