Contract Formation of a Valid and Enforceable Contract Offer Acceptance Consideration Intention to Create Legal Relations Privity of Contract Capacity to Contract Must not be illegal or contrary to public policy Formation of a Contract A contract is an agreement which creates legal rights and obligations between the parties to it. It is formed when the parties reach agreement on the essential features of the bargain. Offer – a statement made by a party which manifests an intention
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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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QUESTIONS - Offer 1. What is an offer? 2. What is an invitation to treat? 3. List the factors that the court will take into account in distinguishing between an offer and an invitation to treat? 4. Name a case which is authority for the rule that a request for tenders is an invitation to treat. 5. What is the effect of the distinction between offer and invitation to treat? 6. Is possible to make an offer to the whole world? Self-test Questions – uNILATERAL OFFERS
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DYJR7EAdvertisements of Bilateral Contracts Are Not Usually Offers Case Coelho Vs The Public Services Commission 1. Brief Facts/ Case Summary The applicant‚ Mr Meredith Coelho was a health inspector under the town Board Tanjung Malim and he applied for the post of Assistant Passport Officer in the Federation of Malaya Government Oversea Missions as advertised in the Malay Mail newspaper dated 1957. The terms and conditions of the selection are as stated below: * Serving Assistant passport
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the commercial activities between East and West has become one of the major lifeline almost dominated the world economy. Its representation can be attributed to the Japanese and U.S. economic and trade. As is well known‚ the United States is the superpower of the world‚ not only in military but also in economic. Japan is a small country‚ while considering the contribution to the world economic Japan still is a big country. So trade exchanges and business negotiations between these two countries is a
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contract may be defined as an agreement between two or more parties that is intended to be legally binding”. This answer will highlight the main points to see the differences between an offer and an invitation to treat.” An offer may be defined as a statement of willingness to contract on specified terms made with the intention that‚ if accepted there will arise a binding contract”. On the other side‚ invitation to treat invites the other people to make an offer which can be accepted or rejected by
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play‚ Grandma stands in for the figure of the "absurdist" dramaturge‚ ultimately exiting the frame of the action to become its director. This surprising exit and her immediate crossing between the space of the action and the space of the theater is prefigured by her marginal position in the household‚ what Albee offers as an allegory for the "American Scene". In her many sardonic epigrams‚ Grandma will position herself—as an "old person—at the margins of human intercourse‚ a figure considered "obscene"
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Thesis: There are many differences between men and women‚ and they are divided into many parts: physical‚ mental‚ relationship‚ education and career. 1. Physical differences A. Brain B. Changes during Puberty 2. Mental differences A. Mental abilities B. Emotion 3. Relationships A. Men and women relationship B. Friendships 4. Education and Career A. Education B. Career Recently‚ there was a group of Mission College students discussing about the differences of genders on Facebook
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2.1 Definition of Proposal/Offer Section 2(a) of the Contract Acts 1950 provides that: “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 the act or abstinence‚ he is said to make a proposal”. Eg: Ali advertised in Malay Mails that he will give a reward of RM100 to anyone who finds his pet. He signified his willingness to do an act‚ which is to pay a reward‚ upon certain terms‚ with a view of obtaining
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substitutes and with significant barriers to entry. While it might seem as though the difference between oligopoly and monopoly is clear cut‚ such is not always the case. A comparison between these two market structures is bound to be illuminating. •One or Few: The primary difference between oligopoly and monopoly is that monopoly contains a single seller‚ whereas oligopoly has two or more sellers. Such a difference might seem to provide a clear separation. But not necessarily. •Substitutes:
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