Offer and Acceptance Offer means a proposal presented by one person to another with the intent of obtaining his consent for performing or not performing any work.(Sec. 2.b). Offer may be express or implied * When an offer is expressed by words spoken or written it is termed as an express offer. Implied offer means an offer made by conduct. Offer may be general and specific General offer * A general offer is one which is not made to a definite person, but to the world at large or public
Words: 270 - Pages: 2
ASSESSMENT COVER SHEET DECEMBER SUBMISSION |Unit Number and Title |Unit 5 Aspects of Contract and Negligence – Level 4 | |Assessment Title |Aspects of Contract & Negligence | |Course Title |HND Business
Words: 7971 - Pages: 32
which specialises in acquiring and selling rare books. He recently saw an advertisement in a specialist book magazine for a first edition copy of the only book written by Bruce. The advertisement, which had been placed by Chris, stated that it was ‘on offer for $1,000. Ben phoned Chris stating that he would buy the book for $750. Chris replied that he would sell it for $900. Ben then said he would need time to think about buying the book at that price. Chris agreed not to sell the book to anyone else
Words: 3327 - Pages: 14
reading Section Four of Chapter 19, summarize offer, acceptance and consideration with respect to the UCC. The author has condensed an enormous amount of material into these five pages. I want you to be able to understand and summarize these pages by focusing mainly on these pages for your assignment. 2. When does title pass? Please cite the UCC section and give an example. Development: 1. Offer. Discuss and answer question 19-5 on offers. In 1998, Johnson Controls, Inc. (JCI) began
Words: 293 - Pages: 2
that it should be honored. Outlined in MONT CODE ANN § 28-2-1602: Montana Code - Section 28-2-1602: How written contract may be altered by parties: a contract in writing may be altered by a contract in writing or by an executed oral agreement. An oral agreement altering a written agreement is not an executed oral agreement within the statute authorizing modification of written contracts by an executed oral agreement unless its terms have been fully performed, and performance on one side is not sufficient
Words: 618 - Pages: 3
is whether there is any legal contract between Mr. Power and Ms. Square and if so, what is the legal remedies for Ms. Square. Law: Contract is an agreement between two or more parties including promises by each other which they intend to be legally enforceable. A legal contract must contain the three main parts that is, agreement and legal intention, consideration. Firstly, whether it is an agreement only if there is a valid offer followed by a valid acceptance and communicated to offeree, which
Words: 512 - Pages: 3
Case Analysis: Lancer Gallery Executive Summary We have recommendations for Lancer Gallery based on the acceptance and the rejection of the contract proposal from the mass-distribution store. The first recommendation is for Lancer Gallery to accept the contract’s conditions. We suggest that the company increase the production of the artifacts replicas. The second recommendation is that Lancer Gallery creates two separate divisions for the company. The first division will focus on replicas while
Words: 843 - Pages: 4
needs. Acme Fireworks can choose between three entities: a partnership, corporation, and limited liability company (LLC). There are pros and cons for each of the different entities. When taking into account the current personal liability, if the contracts already in place are valid, employment needs to fulfill the large orders, and defining the different types of entities, my recommendation for Acme Fireworks would be to become a corporation. Just about everyone in the United States has some personal
Words: 2869 - Pages: 12
complexities of a contract by describing it as an exchange relationship that is established orally or in written form that is made between two or more individuals, contains at least one promise, and is recognized as a legally binding agreement (Blum, 2011). The focus of this written assignment examines the elements that must exist for a contract agreement to be considered enforceable by law. The assignment will examine the following contractual elements including: (a) offers, (b) acceptance, (c) legal consideration
Words: 1571 - Pages: 7
[pic] BTEC Level 5 HND in Business Module Handbook Unit 5: Aspects of Contract and Negligence for Business Unit code: Y/601/0563 QCF level: 4 Credit value: 15 credits Module Tutor: Anila Mushtaq Contact Details: anila.mushtaq@yahoo.co.uk Preferred style of contact: In the first instance, if you have any queries regarding the teaching or assessment for this module, please ask question during the lecture. If you do not receive
Words: 2001 - Pages: 9
