UNIT 2: OFFER TUTORIAL SHEET 2 1. What is an offer? 2. Explain the two (2) types of offer? 3. Distinguish between an offer and an invitation to treat. 4. What types of communication do not constitute an offer? 5. Explain each type of communication identified in (4) above. 6. When is an offer effective? 7. Explain the difference between a counter- offer and request for information. 8. Explain whether each of the following is a bilateral offer‚ unilateral offer or not an
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How Far Had Public Health Improved 1800 – 1900? Imagine if you were working in a factory at least for 16hours in a dirty atmosphere‚ then when you eventually get to go home‚ you have to go through the smell of overflowing cesspits‚ and finally you enter the dingy little room with a bed in the corner filled with sleeping family‚ how would you feel? Well‚ in the 1800s- 1900s poor people lived exactly like that‚ because they were lacking the effectiveness of public health‚ which was suppose
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28/11/2013 Contents Elements of a Contract There are different elements of a contract that you must take into account when entering one. The following will give an understanding of these and explain their importance. Capacity There are four essential elements that affect contract law. The first of these is capacity. This element states that parties in agreement with a contract must have the legal capacity to enter into that contract. There are factors that affect the capacity
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17/07/2013 CLWM4000 Business and Corporations Law Lecture Two Contract Law: Agreement‚ Intention to b e legally bound and consideration Objectives 1. To understand the relevance of intentions to create legal relations 2. To understand what is an offer and acceptance 3. Explaining the rules for offer and acceptance 4. Explain the importance of consideration 5. Explain the rules for consideration 6. Explain the concept of promissory estoppel Intention to create legal relations Intention
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Name: Harry Atkins Consumers‚ Credit and the law of agency 1. A) Explain the main provisions of the Sale of Goods Act 1979 and the remedies available to consumers against sellers; The Sales of Goods Act 1979 is “a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price (s 2(1))” (Keenan. D‚ 2000‚ page 251). The Sales of Goods Act is designed to enforce rules when selling and buying goods to ensure that both parties
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SUBMITTED BY- SHREYA SHARMA SEC-F 12BSPHH010990 SEAT NO.-72 MBA SEM I Liril is a popular soap brand sold‚ to a large degree‚ in India‚ and Asia‚ as well as a few places in Europe. Liril is one of the oldest and popular soap brands. It has been consistent in bringing alive freshness. Liril has managed to create breakthrough advertising over the years (like Liril Girl). It has always had an excellent distribution network across India. Liril was launched in the 70s as freshness
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Agreement is an important aspect in the formation of a contract. A contract is a legally binding agreement between 2 parties. A contractual agreement is said to exist when a valid offer is followed by a valid acceptance. • Sometimes people will negotiate to try to gain something different from what is first offered. This may make it difficult to know exactly when a contract is formed and when legal obligations begin. Components necessary for contract formation • 1. An OFFER- a promise to be bound
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Topic 3: Contract Law *What is a contract? a legally enforceable agreement; that is‚ an agreement enforceable in a court *Types of contracts Number of parties: * Unilateral – one party (eg reward case) * Bilateral – two parties‚ both with mutual obligations * Multilateral – more than two parties‚ all with obligat0ions Form: * Simple Contracts: written; oral; part-written & part-oral * Need all elements of a contract ‚ including consideration * If all elements
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UNIT 4 Sole Traders – Financial Statements Copyright 1995 by Thames Management Centre International. All right reserved. No part of this lecture notes may be reproduced in any form or by any means‚ without the permission in writing from Thames. * 4.1 Introduction At the end of the business financial year end‚ a set of financial statements will be prepared by the company for reporting to the owner of the business as well as for submission to the local tax authority. However‚ financial
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ADVOCATES FOR INTERNATIONAL DEVELOPMENT AT A GLANCE GUIDE TO BASIC PRINCIPLES OF ENGLISH CONTRACT LAW Prepared by lawyers from www.a4id.org TABLE OF CONTENTS I FORMATION OF A CONTRACT A. OFFER B. ACCEPTANCE C. CONSIDERATION D. CONTRACTUAL INTENTION E. FORM II CONTENTS OF A CONTRACT A. EXPRESS TERMS B. IMPLIED TERMS III THE END OF A CONTRACT – EXPIRATION‚ TERMINATION‚ VITIATION‚ FRUSTRATION A EXPIRATION B TERMINATION C VITIATION D FRUSTRATION
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