Formation of 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
Premium Contract
CONTRACTS IN BUSINESS On the 10th of September an offer was distinguished between Huddersford Electronics Ltd (HE ltd) and Gem Computer Stores (GCS). The offer was an invitation to treat as there is an entitlement that an offer could accepted and therefore‚ a contract could be formed. An offer is formed as HE ltd posted an offer to sell 10 laptops to GCS‚ keeping the offer open until the 24th September. A statement is made by HE ltd who is giving information to GCS expressing an intention to sell
Premium Contract
Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
Premium Bank
Deltona Lines‚ INC. Besson Freight Company had an agreement with Jay Transportation to purchase their assets for 225 million. In order to finance their purchase‚ Besson asked a shareholder in Besson‚ Deltona Lines‚ to invest 110 million. Deltona agrees with the stipulation that the investment be made into a newly formed subsidiary named Del-Bess Inc. Deltona will own 80 percent of Del-Bess voting preferred stock. Also in Deltona’s agreement‚ Besson would contribute an amount to be determined by
Premium Corporate governance Managing director Board of directors
ont Contract Paper Michael Labbe University of Phoenix Business Law HRM 531 Donna Ross January 28‚ 2013 Contract Paper Contracts regardless if they are written or verbal have the same basic components. The four components are (1) Mutual assent‚ (2) Agreement‚ (3) Exchange‚ and (4) Non-violation of public law. If the key components of a contract are met they will be enforceable in a court of law. In modern society it is more commonplace for contracts to be written so all parties
Premium Contract
contract but do not appear to be a relevant issue here. While it is possible for offers to be "made to the world”1‚ K ’s advertisement is an "invitation to treat"2. It cannot be construed as an offer as it shows no intention on K ’s part to be bound to its terms‚ in contrast to the wording of the advertisement in Carlill v Carbolic Smoke Ba// Co3. Thus A ’s letter to K dated 21 April is the first possibility of an offer. However the terms of this letter are too vague to be construed as an offer
Premium Contract
assessment procedures include performing analytical procedures to determine whether the company’s key financial ratios were consistent with industry averages. In addition‚ Gray should have compared revenues from insurance restoration contracts across several companies in the same industry. If he would have performed these routine procedures‚ Gray would have realized that ZZZZ Bests reported insurance restoration revenue was grossly overstated. Furthermore‚ AS No.9.7 states that the auditor should
Premium Audit Auditing Barry Minkow
2 MAIN CONTRACT The Employer shall make the Main Contract (other than the details of the Employer’s prices thereunder as stated in the bills of quantities or schedule of rates and prices as the case may be) available for inspection to the Contractor with and‚ if so requested by the Contractor‚ shall provide the Contractor with a certified true copy of the Main Contract (less such details of the Employer’s price)‚ at the cost of the Contractor. The Contractor shall be deemed to have examined the
Premium
CONTRACT OF EMPLOYMENT This Agreement is entered into this 09th of February 2011 by between. New Life Pharmaceuticals Inc. PHILIPPINES‚ a corporation duly organized and existing under the laws of the Republic of the Philippines with office address at the 2667‚ Honduras Street Batangas Cor. Brgy. San Isidro Makati‚ Philippines‚ as represented by its General Manager Sreedhar Nagarajan hereinafter referred to as the “EMPLOYER”; -and- Sandeep Toshkani Indian of legal age‚ currently residing at
Premium Employment
"all the world"‚ in which case the offeree is regarded as a member of the general public: Carlill v Carbolic Smoke Ball When an offer is made‚ the term of the proposed contract must be communicated to the offeree: Thornton v Shoe Lane Parking However‚ an offer can be made in general terms‚ leaving the precise terms of the contract to be settled later: Master v Cameron The fact that the word ’offer’ is used is not itself conclusive: B Seppelt & Sons Ltd v Commissioner for Main Roads An offer
Premium Contract