INTENTION We would first need to establish if there is a valid and legally binding contract formation between Iris (“the offeror”) before deciding on the likely outcomes for the parties. A proper contract constitutes an offer‚ an acceptance‚ the provision of a consideration of value and parties’ intention to legal relations. There was no depute as to the presence of a valid offer because Iris did indeed make an offer to sell the piano for a specific price and its terms i.e. keeping the offer open
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$500‚000 with a 10% down payment ($50‚000) due upon acceptance of the Cleavers’ offer is effectively rejected and the new offer made by the Nelsons for $525‚000 with a 15% down payment ($78‚500) due upon acceptance of the Nelsons’ proposal is now in place. II. The Cleavers receive the Nelsons’ proposal from October 5th and respond via email asking a question regarding the offer for $525‚000 with a 15% down payment ($78‚500) due upon acceptance of the Nelsons’ proposal. The Cleavers ask the Nelsons
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list. She claimed that the board breached this contract by hiring applicants who ranked lower. ------------------------------------------------- Questions: 1. Write in detail education system of pits burg?( 2 marks) 2. What is meant by acceptance an offer and breach of contract in this case? (2 marks) 3. Why case was transferred to a Pennsylvania state court.( 2 marks) 4. Explain the circumstances in this case to meet the requirements? Why or why not?(2 marks) 5. Who was Anna
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"In common law‚ a contract is a legally binding agreement between two or more parties that sets an exchange of promises of what each party will or will not do".(Elliott‚2011‚p.13) The contract can be unilateral and bilateral. if the oferee can accept simply by promising to perform‚ the contract is bilateral. Bilateral contract is a "promise for a promise"‚ and in order to be formed‚ is not need for consideration to be made at the time when the promises are exchanged . In a unilateral contract‚one
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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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Section 4 Contracts Act 1950 – COMMUNICATION WHEN COMPLETE 4 (1) The communication of a proposal is complete when it comes to the knowledge of the person to whom it is made ( ie the acceptor (emphasis added)). 4(2) The communication of an acceptance is complete:- (a) As against the proposer‚ when it is put in a course of transmission to him‚ so as to be out of the power of the acceptor; and(Case Ignatius v Bell and also Byrne v Van Tienhoven) (b) As against the acceptor‚ when it comes
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Law Coursework In this essay I will discuss mainly two things; formation of a contract between two parties‚ the offer and the acceptance. I will report on their relevance for each of the 3 parties involved‚ finally I will give legal advice to Chuck (offeror)‚ Arnold and Sylvester (offerees). First we must distinguish whether Chuck’s advert was an invitation to treat or an offer. An example of a case involving an advertisement as an offer was Carlill v Carbolic Smoke Ball co. [1] This case involved
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I am here Ever since I was a young kid I have always been interested in movies. My grandma‚ who was full of the wise the life experience left‚ always knew about my interest in movies. She feed my vain for the art. Even though her religion‚ she professed Adventist of seven-day religion‚ didn’t let her go to the cinema‚ she always found the way to took me to the cinema. She and I enjoyed watch movies. We used to sit in the darkness room‚ with our faces illuminated from the reflection of the light
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To whom it may concerns‚ My name is (unknown) and I am an undergraduate at Sam Houston State University. I have high hopes of earning my BS in Interdisciplinary Studies‚ Curriculum and Instruction so that I can give back to the younger generation and equip them with the foundations of life. However‚ coming from a five person household with only one breadwinner‚ things have always been tight for my family. It is not that we have ever done without the essentials; it is simply that we don’t have
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College is a time for new and exciting experiences as well as a time to explore diverse and innovative ideas. What could be better than traveling to a foreign country to learn about their ideas‚ history‚ and culture? I believe study abroad is something that every college student should do to help avoid ethnocentrism‚ to expand their horizons‚ and to appreciate everything the world has to offer. I am particularly interested in the summer program offered in Santander‚ Spain. My grandmother came
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