Offer An offer sets out the terms upon which an individual is willing to enter into a binding contractual relationship with another person. It is a promise to be bound on particular terms‚ which is capable of acceptance. The essential factor to emphasise about an offer is that it may‚ through acceptance by the offeree‚ result in a legally enforceable contract. The person who makes the offer is the offeror; the person who receives the offer is the offeree. Offers‚ once accepted‚ may be legally
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Dawn Montgomery BUSI Law 2301 NT February 15‚ 2013 Case Study #1 I. FACTS: Helen‚ age 17‚ falsely presented an identification card showing her age as 22 to a motorcycle dealer. She persuaded him to sell her a motorcycle on credit because she did not have the money to pay cash. Helen drove the motorcycle away and a few days later‚ returned it to the dealer stating that she voided the contract. The dealer states that she cannot void the contract because (a) she had misrepresented her age
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Fastenal Company‚ the largest retailer of nuts and bolts in the United States but he takes a salary of only USD 60‚000 a year. He owns 3 ‘second-hand’ suites‚ drives a Toyota‚ collect discount coupons and stays in a low-priced motel when he travels on business. Did he need to pinch pennies? Definitely no‚ as Fastenal’s largest individual shareholder‚ he owns nearly 12% of the stocks‚ he is worth more than USD248 million. He can buy many luxury goods with the money that he have but he prefer a modest personal
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Business and Law Coursework Assignment With regard to the case‚ there are two legal issues needed to be handled. First‚ it is needed to determine whether 1) Tommy can sue Ada for not reducing the height of fence which is eracted along the side of Ada’s garden 2) Mickey can sue Ada for not fulfilling her promise to pay $1000 for Mickey’s help. To determine the two legal issues‚ we need to consider if any contractual relationship was formed between them. To begin with‚ a contract is a legally
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Ahmad is in business selling microcomputers. Following a major refurbishment of his shop premises he publishes the re-opening of his shop with a large newspaper advertisement on 30 august. Formalities are a general rule contracts do not need to comply with any sort of formalities. Thus‚ while it is more difficult to prove contracts that are entirely or partly oral‚ this is a matter of evidence and procedure only and is not relevant to the validity of a contract. A contract of sale may be made in
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ALGAPPA UNIVERSITY KARAIKUDI – 630 003 TAMILNADU DIRECTORATE OF DISTANCE EDUCATION B B A (II YEAR) PAPER 2.4 BUSINESS LAW Paper 2.2 Commercial Law : Business Law Indian Contract Act 1872 : Meaning and essentials of a valid contract Formation of contract – Performance of contract – Termination and discharge of contract – Remedies for breach of contract – Quast contract Special Contracts : Indemnity of guarantee – Bailment – Agency Sale of Goods Act
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Assignment on University of Dhaka Laws Affecting Business Date: Tuesday‚ 28 May 2013 Submitted to: Prof. Dr. Abu Hossain Siddique Professor‚ Department of International Business University of Dhaka Submitted By: Rabiul Hasan Roll no. 256 6th Batch‚ Department of International Business University of Dhaka Executive Summery Business must operate within the boundaries of laws and government regulations. Laws have been developed not only to protect consumers but also to preserve
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Zulfatah Arif SCM-019741 Work Psychology in Communication‚ Writing and Reporting COM 2153 Mr Haji Adenan Case Studies An Unmotivated Building Inspector Case Study By: Zulfatah Arif 1) Review the motivation theories discussed in this chapter. How would each one describe and explain the problems with Simon Lucas’s motivation? The theories that would be relevant to the problems with Simon Lucas’ motivation would be the McClelland’s Need Theory and Herzberg’s Two-Factor Theory.
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Chapter 11 Internet Law and Ethics The Internet is a substantial catalyst for continuing globalization‚ breaking down national boundaries and rules to allow free interchange of communications‚ ideas‚ goods and services around the world - 52% agreed that by 2020‚ the free flow of information on the Internet “will completely blur current national boundaries as they are replaced by…geographically diverse and reconfigured human organizations tied together by global networks” Policy makers‚ users
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Issue Is there a valid contract between Khalid and Siti? Law and Application When Khalid is interested in buying Siti’s painting which she had named “Hawa”‚ Khalid met Siti and told her that he will pay her RM5‚000 for “Hawa”. This is an offer. Offer had be defined in S2(a) Contracts Act 1950 as “when one person signifies to another his willingness to do or to abstain from doing anything‚ with a view to obtaining the assent of that other to the act or abstinence‚ he is said to make a proposal”
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