Introduction Offer and Acceptance Introduction: For a contract to be legally binding there needs to be 4 ingredients: 1. Offer 2. Acceptance 3. Intention to create legal relations 4. Consideration Building on this‚ in order to prove that a contract is legally binding 5 things need to be proven: 1. That an agreement has been reached. This is usually done by demonstrating that one of the parties has made an offer which the other accepted. 2. The agreement has been
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• Agreement (Offer and Acceptance) • Consideration • Intention to create legal relations All three scenarios are supported by “consideration”. The general idea of consideration is that contracts involve an exchange in which both parties give something in exchange for the promise of the other. John offers his car in exchange for 10000 euros from Patrick. As the last two steps involved in a contract are met we only look at the agreement‚ if there is an offer and an acceptance
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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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Contract: Offer and Acceptance LAW 531 December 12‚ 2012 Offer and Acceptance Creating the contract is an extremely difficult process. A contract must have an offer and acceptance determine whether an agreement exists between two parties. An offer is a suggestion made by one person to another of his or her readiness to enter into an agreement under certain terms and conditions without further negotiations. The contract is accepted when the offer has been formally communicated to the offeror
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FORMATION OF A CONTRACT OFFER AND ACCEPTANCE For a contract to be valid‚ firstly there must be an AGREEMENT between the parties i.e. one party must make an OFFER which is UNCONDITIONALLY ACCEPTED by the other. OFFER What is an offer ? An offer is a promise that the person making the offer (known as the offeror) is prepared to be legally bound upon specified terms – he is making a statement of the terms on which he is prepared to be legally bound‚ for example A
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Attorney‚ Bank Guarantee‚ Works Contracts etc‚ Replying to Legal Queries of different departments (In Contracts‚ Land Acquisition‚ Sales‚ Personnel: Labour matters etc)‚ Preparing Company Guidelines‚ Managing the Legal team‚ Direct Interaction with Top Management] ACADEMIC RECORD ➢ B.A.LLB (Hons)‚ a five-year integrated course‚ at National Law Institute University [N.L.I.U.]‚ Bhopal. (2004-2009) ➢ Schooling from K.V Noida‚ with 75% in 10th Class (2002) and 78% in Senior Secondary School (2004).
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The problem with America’s eating disorder is that we usually believe in the fad diets in order to really lose weight. Why are American ’s so obese compared to other countries around the world? What is the real truth behind the situation? Society is also a giant exploitation of getting into people’s heads in order for them to believe that being a “size 0” is really what everyone needs to be. I believe that these fad diets don’t make any sense and clearly you can lose weight by eating three healthy
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companies 2013)‚ It operates over 8000 stores worldwide‚ offer a vary selection of products at a reasonable price. Walmart China opened its first Supercenter in Shenzhen in 1996. As of February 28‚ 2013‚ Walmart operated more than 390 units in over 150 cities in 21 provinces‚ autonomous regions and 4 municipalities in China (Our story‚ Walmart 2013). Walmart’s mission is ’Save people money‚ so they can live better’ (Walmart Annual Report 2008). 2. Value of the production or service provided for customer
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performing a dance routine. She does this while waiting for her father Paul‚ a 35 year old man to come and pick her up. Lisa stops singing as soon as she notices her father. Paul encourages her to continue but she refuses. The raising action of the play is when Lisa is irritated that Paul was not present during her dance recital. Lisa does not seem to be content with Paul’s apologies and she answers his questions in a very flat tone. ”How’d it go?”/”Good”/“Just good?”/“You don’t want to be sexy
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Business Law: Offer and Acceptance. For a simple contract to be valid one party must make an offer and the other party accept it. An offer is made where a person (the offerer) unequivocally expresses to another (the offeree) his willingness to make a binding agreement on the terms specified by him if they are accepted by the offeree’ (Card 2002). This offer could be made to a specific person‚ in which case it cannot be accepted by anyone other than that individual. On the other hand it could
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