Assessment 1: Individual Assignment Question 1 (a) Consideration is one of the four main elements to be present in order to have a legally binding contract. Consideration can be anything of value (such as an item) which each party must agree to exchange for the contract to be valid. For consideration to be sufficient‚ both parties have to have an agreement. If only one party agrees to it‚ then the agreement is not consider a legally binding contract. Something must be given or promise in exchange
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offer. A statement that lacks such will is not an offer‚ but an invitation to treat. In Gibson v Manchester City Council‚ the statement “the corporation may be prepared to sell the house to you…” was found to be a mere invitation to treat whereas the statement “we are willing to sell” in Storer v Manchester City Council was said to be an offer. The general rule for advertisements is that they are considered as an invitation to treat‚ as mentioned in the case of Partridge v Crittenden [1968] 2 AII
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shelf. Invitation to treat • This is not an offer by the supermarket but an invitation to treat (an invitation to the other party to make an offer- usually to buy). The customer would be the offeror in this situation and offers to buy the product at a price and the supermarket would be the offeree‚ who can choose whether to accept or refuse the customer’s offer. The contract would be formed when the customer’s payment is accepted and there is an agreement to sell. Examples of invitation to treat
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Analyze the problem that Tom Mathis and Danaher Sensors and Controls needed to solve in this case? What were the surrounding issues of the problem? In the case there have few problems that needed Tom Mathis and Danaher Sensors and Control get a solution to make the operation reach more successful and efficiency level. At the time before Tom Mathis joined Danaher Sensors and Controls‚ the enterprise had employed Japanese Kanban method supply chain management instead of replying on a manufacturing
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Principles of Liability – Coursework Assessment Two For a contractual agreement to withstand‚ it is crucial that the contract contains the four main components‚ which are; offer‚ acceptance‚ consideration and the intention to create legal relations. A contract is seen as a legally binding agreement between two parties‚ so It is very important for the court to establish a ‘consensus ad idem’; the meeting of minds in order to judge whether a contract exists. Britney’s first meeting with
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– UNIT 21‚ P1 IDENTIFY THE LEGAL CRITERIA FOR OFFER AND ACCEPTANCE IN A VALID CONTRACT AND P2 EXPLAIN THE LAW IN RELATION TO THE FORMATION OF A CONTRACT IN A GIVEN SITUATION In this report I will be focussing on certain factual evidence‚ relating to the valid requirements of a contract for Dial-A-Phone. For a contract to be legally binding there must be certain legal terms and aspects that must be present – these involve: * Offer * Acceptance * Capacity * Consideration These are the
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are Bilateral. While it is not always true‚ most people make an offer to one named offeree or a small group of parties. Most contracts are made with both parties present on a face-to-face basis. Invitation to treat An invitation to treat made by one party to another is not an offer. An invitation to treat is made at a preliminary
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means an offer can be addressed to a group of people invitation to treat is a transaction which involves a preliminary stage. This is where one party invites another party to make an offer. This can be done visually‚ such as a display‚ or verbally and finally by conduct (self service checkout). The difference between an offer and invitation to treat is‚ accepting an offer usually creates a binding contract‚ whereas accepting an invitation to treat is in fact making an offer. bilateral contract
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Offer and acceptance | Contract law | Part of the common law series | Contract formation | Offer and acceptance · Mailbox rule Mirror image rule · Invitation to treat Firm offer · Consideration | Defenses against formation | Lack of capacity Duress · Undue influence Illusory promise · Statute of frauds Non est factum | Contract interpretation | Parol evidence rule Contract of adhesion Integration clause Contra proferentem | Excuses for non-performance | Mistake · Misrepresentation
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______. An offer must be distinguished from an ________. Invitation to Treat Case: Patridge v Crittenden (1968) States that acceptance of an invitation to treat does not lead to a contract. Advertisements are generally viewed as an invitation to treat. Display of Goods Case: Pharmaceutical Society of Great Britain v Boots Cash Chemists (Southern) Ltd (1952) States that a display of goods is considered to be an invitation to treat and not an offer. The offer is made when a customer selects
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