considerations and capacity. Agreement = Offer + Acceptance Therefore‚ here apply the rule of “Offer” and “Acceptance” to see if there is a valid contract. If valid‚ then parties are bound. An “offer” is a proposal accepted‚ a valid contract may exist. On the other hand‚ “acceptance” is a final and unqualified expression of assent to the terms of the offer (Barron‚ 1997‚ Fundamentals of Business Law‚ p 171-172). This will be discussed in relation
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parties has to accept an offer made by the other. Here‚ David places an advertisement in the local newspaper of a reward‚ £1000 for the safe return of each of his six cats. This shows he is making an offer to all the readers of the Daily Bungle. An offer is defined as follows: “An offer is a statement of the terms upon which the offeror is prepared to be bound if acceptance is communicated while the offer remains alive1.” The critical aspect of the definition of an offer is the will or intent of
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mobile phone contract from Vodafone. The offer: In contract law the offer is where a person will accept the invitation‚ for example in my contract the offer would be when I offer to bind into their contract and purchase a mobile phone deal‚ and this is because they created an invitation for me to purchase a deal as they advertise their deals in various place so when I go in I offer to bind into a contract with them. Invitation to treat: An invitation to treat is usually used to get the parties started
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legally binding agreement between 2 parties. A contractual agreement is said to exist when a valid offer is followed by a valid acceptance. • Sometimes people will negotiate to try to gain something different from what is first offered. This may make it difficult to know exactly when a contract is formed and when legal obligations begin. Components necessary for contract formation • 1. An OFFER- a promise to be bound on specific terms • • 2. An ACCEPTANCE- an unqualified agreement to those
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(offerees). Unfortunately‚ one of the cat‚ Bimmie‚ is injured and this made David to terminate the contract. In relation to this case‚ the offer and acceptance‚ thus the making of agreement‚ has been established. Offer‚ is when an offeror offers anything to the offeree‚ then the offeree makes an agreement through acceptance‚ which then forms and agreement‚ thus where the offer and acceptance is being applied. In light to this question‚ it will be tackled on how David will deal with these offerees and their
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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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a simple contract‚ which is not required to be in writing. The elements of a simple contract are: Intention to create legal relations Offer and acceptance (an agreement) Consideration Capacity of the parties Certainty of terms Legality of object The main issue in this problem is whether there is an ’agreement’ - offer and acceptance However‚ on the first element of intention to create legal relations‚ it is clearly a business/commercial relationship between Tallula
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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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Britain v Boots Cash Chemist is an English contract law decision on the nature of an offer. The Court held that display of the goods is not an offer but is an invitation to treat. An invitation to treat is an invitation to the other party to make an offer‚ to make enquiries or to negotiate. It is a preliminary act in the negotiation process and is not an offer in the strict legal sense. The person who making the invitation is not an offeror. The fact of this case is Boots operated a self-service store
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