Distinguish between offer & invitation to treat. An offer is a definite promise to be bound provided that certain terms are to be accepted. The Contracts Act 1950 uses the term ‘proposal’ but it has the same meaning as an ‘offer. Section 2(a) defines a proposal as ‘when a 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. An invitation to treat is a statement
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Offer and Acceptance Offer and acceptance are elements required for the formation of a legally binding contract‚ the expression of an offer to contract on certain terms by one person (the "offeror") to another person (the "offeree")‚ and an indication by the offeree of its acceptance of those terms. The other elements traditionally required for a legally binding contract are (i) consideration and (ii) an intention to create legal relations. Offer and acceptance analysis is a traditional approach
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Report Best-Shot offer Clean Car Care (3Cs) should make a best-shot offer to Jane; she has been an excellent performer at her current employment. A lowball offer is out of the question since she has a job and is up for a promotion at her current company. A competitive offer may not work in this situation since the only difference in 3Cs and her current company is her vacation time. A competitive offer could potentially match Jane’s current employment situation
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Jake Young Byoung Park English 161 29 October 2010 Communicating a “Tender Offer” The main problem between the main characters in Wendy Wasserstein’s Tender Offer is a lack of respect and communication. Lack of communication is dangerous and damaging to a family. “It can lead to numerous family problems‚ including excessive family conflict‚ ineffective problem solving‚ lack of intimacy‚ and weak emotional bonding” (Peterson‚ and Green). The two main characters‚ Lisa and Paul‚ lived in the same
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Initial Public Offer Initial public offer (IPO) as the name suggests refers to when a company goes public or issue shares of the company to the public in order to raise capital for the first time. After the IPO‚ the company gets listed and its shares are traded on stock exchange. Once it gets listed then the permission to trade these shares is granted by shareholders i.e. to whom the shares have been allotted in the IPO. There can be many reasons for bringing out an IPO. First‚ when the company
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Question One I agree with Jacquii Rosshandler’s friends‚ she should reject Arthur Shorin’s offer. As an alternative to taking Shorin’s $250k offer and loosing 75 percent of her business‚ I would suggest she explore loan options offered by the U.S. Small Business Administration (SBA). The SBA can help small businesses received loans from banks that might otherwise refuse due to the unsecured risk involved. Cornwall and Scarborough point out that‚ “An SBA guarantee to insure the business loan is
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idem in a legal relation. An offer is a necessary element that must present for a legally binding contract to be in place. An offer and an invitation to treat are two different aspects. An invitation to treat is defined as an action inviting other parties to make an offer to form a contract‚ whereas an offer is an expression made by offeror to offeree communicating the offeror’s willingness to perform a promise. The distinction is important because accepting an offer creates a binding contract
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Offers may be withdrawn at any 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
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Film Literature and Philosophy 1 Esme Banks Marr 09819687 What‚ if anything‚ can Film offer to the body of philosophical knowledge and understanding? The question of whether or not there are elements of Philosophical thinking and discussion that cannot be reached‚ without Film‚ is of paramount discussion in this essay. Could Cinema be the latest development in the teaching of Philosophy? The idea of film as a means of philosophy‚ must call upon mutual considerations‚ from both perspectives;
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Making a Job Offer 1. Recommend whether Jane should receive a best shot‚ competitive or lowball offer‚ and why? Given the situation presented in the case‚ it would seem that Clean Car Care should make a best shot offer to Jane. There are a number of reasons to justify this decision. First‚ Jane has been an excellent performer at her current employer. Jane is line for a promotion at her current employer. The case indicated that Jane’s employer will most likely make a counteroffer‚
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