time up until acceptance. Discuss the extent to which you agree with this statement and analyze the rules which determine the validity of withdrawal. There are two main issues to be dealt with in order to answer this question. Identify what is certified to be a valid offer and a valid acceptance. The second issue is knowing and analyzing the rules which determine the validity of withdrawal. First and foremost‚ to have a valid contract‚ there must be valid offer‚ acceptance and consideration
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has not received the acceptance note yet? Yes this is a binding contract between the two parties. While this may be an unconventional acceptance of an offer‚ it is still binding contract between our client‚ Mr. deCapo and Ms. Daughtery. Ms Daughtery sent our client an offer note on February 13‚ 2008‚ selling her 1965 Corvette Stingray for the amount of 25‚995 plus all title transfer fees. Approximately thirty days later our client Mr. deCapo sent Ms. Daughtery his acceptance of her terms for the
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op=302&dockey=xml/5/f/5fd547e1100cea19472c31a50edb2c9f@endecaindex&source=19&FREE_TEXT=credit+acceptance&rating=99 Text: Title: Sr. Business Analyst‚ Technical Skills: Business analysis‚ Windows‚ Sharepoint‚ ITIL‚ Infrastructure Date: 8-11-2008 Description: Company Information: Founded in 1972 by Don Foss‚ the world**s largest independent used car dealer in the 1970s and 1980s‚ Credit Acceptance provides vehicle loans to consumers regardless of their credit history. Headquartered in Southfield
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would consider the offer‚ but indicates that there are other buyers willing to pay more. On Wednesday morning Berni decides to accept Ariana’s offer. As Berni is leaving the country that day‚ she instructs her secretary‚ Cindy‚ to communicate her acceptance of Ariana’s offer. Cindy telephones Ariana but is only able to reach her 10 year old son. Cindy leaves a message with the boy. Unfortunately Ariana’s son forgot to inform him of the message. The very next day‚ Ariana sold the perfume to Diana at
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medicine under the supervision of pharmacist. The pharmacist should judge whether the customer can buy the medicine or not. M & J Frozen Food Sdn Bhd & Anor v Siland Sdb Bhd It was held that bids are offers and the striking of the hammer means acceptance. Than the person bidding is the offeror and the auctioneer is the offeree. Question: Aunty Lim entered Sooperdooper Supermaket and put the following item in her trolley: soap‚ breakfast cereal‚ shampoo‚ vegetables and coffee. Suddenly she discovered
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Table of Contents: Page Number Outcome-1………………………………………………………………….3 Outcome-2………………………………………………………………….5 Outcome-3………………………………………………………………….6 Outcome-4………………………………………………………………….8 Bibliography………………………………………………………………...10 Outcome 1: Before describing Bill and James legal position according to their activities‚ the formation of a contract has given below in Figure 1: [pic] By the formation of contract‚ the legal position of Bill
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7 References 7 Part A (Q1) In the scenario described‚ the area of contract law applicable would be whether the offer and acceptance was put into a legally binding agreement. The offer of rewards given to the clerk from IRAS greatly depends on the usefulness of the information from the clerk to retrieve successfully the total amount of tax evaded by Evander. Firstly‚ to describe
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concerning the performance of the contract. Under these circumstances Bill has committed a breach of an expressed warranty because the “basis for the bargain” was that the car was free of defect. She can also return the car to Bill and revoke the acceptance of the car since it does not conform to the contract and the defects substantially reduce the value of the car. 2. What standard must she prove? Alice has to prove that the car did not conform to the contract and that devaluation of
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a contract‚ the courts begin from examining the elements of offer‚ acceptance‚ whether or not there was a consideration or the bargain and the contractual intent to make a binding contract and any other external positive factors. The coincidence of offer and corresponding acceptance results in a contract. In some instances contracts are inferred from the conduct of the parties without a direct offer and a corresponding acceptance. Hence the courts further tries to see if the minds of the offeror
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and Freedoms) QUESTION 2: 15 MARKS a) Assess any legal rights that Meghan and Duncan may have against Neil (10 marks) Issue: Do Neil and Meghan have a contract? Law and Application: In order for there to be a contract there must be intent‚ offer‚ acceptance and consideration. The onus will be on Meghan to prove that she has a contract with Neil. In commerce generally‚ the element of intent is presumed to exist. It seems that Neil and Meghan are dealing at arm’s length and that intent would likely be
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