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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intended to be legally binding”. This answer will highlight the main points to see the differences between an offer and an invitation to treat.” An offer may be defined as a statement of willingness to contract on specified terms made with the intention that‚ if accepted there will arise a binding contract”. On the other side‚ invitation to treat invites the other people to make an offer which can be accepted or rejected by the other party. To illustrate them we have to look in certain areas. First
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assaults and the product passes through new stages of buyer interest and requirements (Kotler‚ 2001‚ p. 484). Consequently a company must plan strategies that address any changes in the market. ebay Inc. is the world’s largest and most popular person-to-person trading community on the internet (Bradley‚ 2001‚ p. 1). From its inception eBay was unchallenged however with amazon.com’s (Amazon) entrance into the online person-to-person auction arena and other competition from Yahoo! Auctions‚ Auction Universe
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CHAPTER I INTRODUCTION 1. Background of the Study There are three popular theory perspectives toward second language learning‚ behaviorism‚ nativism and interactionism. The theory of behaviorist has received some research interest due to the relation between behavior and second language learning Traditional behaviorists believed that language learning is the result of imitation‚ practice‚ feedback on success‚ and habit formation.. The methodological and conceptual
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leadership status. They have a strong financials year on year. Compare to last year some financials facts about dabur : Total sales were recorded as INR 7073 crores and up by 5.1%. Net profit INR 913.9 crores up 19.7% Market capitalisation us $5 billion Following chart shows net sales over years (in INR crores ) These stats shows that Dabur is financially very strong and doing well in all of their campaigns. Moreover net profit shows that management running all operations quite efficiently
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Research Paper on Competition vis-à-vis Mergers & Acquisitions Abstract: Combination is a relatively new concept in Indian competition law. Although its roots can be traced to the erstwhile antitrust legislation‚ the Monopolies and Restrictive Trade Practices Act‚ the regulations governing combination control was put into force only in 2011. This paper thus attempts to analyse the combination regulation mechanism operating in India‚ with special focus on specific provisions of the Competition
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Acquisition of Motorola by Google On August 15‚ Google announced an agreement to acquire Motorola Mobility‚ based in Libertyville‚ Illinois‚ for $40 per share. Both companies’ boards of directors have approved the deal. Benefits of the deal Google and Motorola Mobility together will accelerate innovation and choice in mobile computing. Consumers will get better phones at lower prices. Motorola Mobility’s patent portfolio will help protect the Android ecosystem. Android‚ which is open-source
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| BP Amoco/Arco Merger | Merger and Acquisitions Term Paper | | | 12/10/2012 | | Contents Time Line of Events 3 Introduction 4 Industry Analysis 5 Overview of ARCO ’s Business 7 Overview of BP Amoco’s Business 7 Value Creation from the Merger: 8 Competitors Analysis 9 Antitrust Issues 11 FTC Arguments 12 What Happened? 14 Divestitures 14 Phillips Acquires ARCO Alaska 15 FTC dissent 16 Performance and key Financials 17 Annual Shareholder’s meeting:
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One Corporation that has distinguished itself among others is the Facebook‚ Inc. The Facebook‚ Inc. is an online social media and social networking service based in Menlo Park‚ California‚ United States. Founded in February 4‚ 2004 by Mark Zuckerberg‚ Dustin Moskovitz‚ Eduardo Saverin‚ Andrew McCollum‚ and Chris Hughes‚ the Facebook has grown to become an envy of the social network industry with more than 1.13 billion daily active users and 14‚ 495 employees (Facebook‚ 2016). The Facebook is a
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leading producer of construction and mining equipment operates in Energy‚ Transportation‚ Construction and Resource Industries (*SRG 2014). It is over ninety years Caterpillar Inc. put efforts to develop ambitious sustainability goals to make encouraging impact in every region they operate. With revenues of over $47 billion achieved in 2015 Caterpillar made interested their customers to stimulate infrastructure‚ energy and natural resource development through acceptance of remanufactured products
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