order for it to be formed‚ agreement must take place and it can be broken down into two elements. Firstly‚ an offer. This can be described as an expression of willingness to contract on clear terms‚ with the intention that it will become a binding contract when it has been accepted. The second is acceptance‚ which can be defined as the unqualified expression of assent to the terms of an offer. Betty placing an advertisement in the Ealing advertiser for her BMW is clearly
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When Angie put an advertisement online it was in fact a Invitation to treat - This is not an offer. It is a statement made to another person inviting them to make an offer (e.g. goods displayed in a shop window). An invitation to treat cannot be accepted. A person who responds to an invitation to treat is in fact making an offer‚ which the other party can accept or reject. Pharmaceutical Society of GB v Boots Cash B) In the scenario‚ the offer is made by james. The terms stated by james to angie express
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gold chain and locket to her. Relevant principle of law relating to this issue is that an advertisement made to the world at large is considered as a unilateral offer and not an invitation to treat. The reason for this rule is that making an advertisement to the world at large‚ any person who follows the instructions has accepted the offer without further bargaining. For instance‚ selling a grand piano for $10‚000 if any person comes to the offeror on the 1st Sunday morning of the month. In the
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Rules of consideration 1. The consideration must not be past. Re McArdle (1951) Ch 669 Majorie McArdle carried out certain improvements and repairs on a bungalow. The bungalow formed part of the estate of her husband’s father who had died living the property to his wife for life and then on trust for Majorie’s husband and his four siblings. After the work had been carried out the brothers and sisters signed a document stating in consideration of you carrying out the repairs we agree that the executors
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Relevant Law In this case‚ the relevant law is the counter offer. At first‚ Shahreen would like to buy it for RM400 but Hazli did not accept for that price. He would accept for RM450 price. On journey home‚ Shahreen agree with the price and wrote the letter to Hazli. In this case based on case : Hyde v Wrench ( 1940) 3 Bench 334. June 6 Defendant offered to sell his farm to the plaintiff for 1‚ 000 June 8 Plaintif made a counter offer of 950 but defendant refused to sell. June 27 Plaintiff
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DIPLOMA IN BUSINESS ADMINISTRATION PRINCIPLES OF BUSINESS LAW (BA333) ASSIGNMENT TERM ONE 2006 Instruction: • Answer ALL questions. • Marks will be awarded for good presentation and thoroughness in your approach. • NO marks will be awarded for the entire assignment if any part of it is found to be copied directly from printed materials or from another student. • Complete this cover sheet and attach it to your assignment. Student declaration: I declare that: I understand what
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Part 1 THE FORMATION OF A CONTRACT There are five basic requirements that need to be satisfied in order to make a contract: ● An agreement between the parties (which is usually shown by the fact that one has made an offer and the other has accepted it). ● An intention to be legally bound by that agreement (often called intent to create legal relations). ● Certainty as to the terms of the agreement. ● Capacity to contract. ● Consideration provided by each of the
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aware the advertisement identified that the offer was to remain open until the end of March. One would likely presume this meant the offer was open until the 31st of the month and this was the day on which the appellant expressed his wish to withdraw his offer. The 31st however fell upon a Saturday‚ a day on which the shop was closed for trading. The law in question must therefore consider if the remained open until the last day of March or the offer did in fact finish on the last day of trading
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TASK 1- ASPECTS OF CONTRACT AND BUSINESS AND BUSINESS LAW (P1‚ P2‚ and M1) P1 As a trainee Solicitor at Greedies LLP‚ I will be going through the legal criteria for offer and acceptance in this scenario‚ the law in relation to the formation of a contract as well as to analyse the impacts and requirements for a valid contract. Contract- is an agreement entered into voluntarily between two or more parties with the intention of creating legal relations. A contract can be oral or in writing‚ however
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obstructing a member of the Customs and Excise Service in the course of his duties‚ contrary to s.17F of the Customs and Excise Service Ordinance (Cap.342). What are the issues to be decided by the current court? A person commits an offence if he offers or exposes for sale or hire for the purpose of‚ in course of‚ or in connection with‚ any trade or business without the license of the copyright owner. It is an infringing copy of the copyright work. Summary of the key facts that are the basis of
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