1 There is an example. Jack's Fruit Company received a purchase order from Yummy Plum Smoothie Shack for the delivery of 100 cases of red plums. Jack has accepted the offer to purchase based on the purchase order in action, as demonstrated when Jack's farmer picked and packed the fruit and immediately sent the shipment out to Yummy's. Upon receipt of the plums, Yummy's accepted the fruit, and it is expected that it will be paid for either on the spot or according to the terms of the original purchase
Words: 304 - Pages: 2
the offer but because this contract is a Freedom of Contract by making whatever contract they want because it is not binding until you meet all criteria that apply. This is a communication of Acceptance because it was mailed. The acceptance part is meeting the exams and that is only for the Academy leading to employment. This is a bilateral contract which means agreement in which one promise is given for another Chapter 13: Question 11 on pages 279-280 No he did not have a legal contract with
Words: 652 - Pages: 3
responsibility = work wit skill n care, don't make secret profit, obey the principal's lawful instruction. Principal resp. - pay agent, reimburse agent for debts incurred on the job Termination of agency - 1- BY ACT OF THE PARTIES (both agree to terminate contract, principal can fire agent if agent make secret profit) 2 - BY OPERATION OF LAW- if the principal is bankrupt, if the principal/agent dies, if the nature of the agency is destroyed eg. Goods in a shop burnt the agent who sells good now has nothing
Words: 351 - Pages: 2
“three thousand dollars firm,” explain whether or he was making an offer that, if accepted, would bind the dealership in contract .“The Law of Contract in modern terms could be defined as 'an agreement containing a promise enforceable in law'. The four component parts of a contract are: 1) Agreement, offer and acceptance, 2) Mutuality and consideration, 3) Mentally Competent parties, and; 4) A legal objective. In a contract, if no time is specified for the performance of an act, a reasonable
Words: 687 - Pages: 3
General instructions for assignments Assignments The assignments are substantial exercises that you will be asked to complete at the end of a unit or section. They provide an opportunity for you to try out the knowledge and skills that you should have acquired at that stage. Each assignment should be between 3 and 5 pages or 1200 to 1500 words in length. If you have any questions or concerns about the length of your assignment contact your tutor before submitting it. Assignments should be submitted
Words: 1181 - Pages: 5
The law of contract A contract is an agreement giving rise to obligations which are enforced or recognized by law. A contract is a legally binding agreement which is enforceable in law. Formality: the law imposes no requirements regarding the form that a contract takes. Generally, a contract made orally is just as valid in law as written contract signed by both parties. 如果there is some good reason for doing so, 这时候law 就会impose requirements. 三种不同的requirements： 1. required to be made by deed (deed
Words: 9691 - Pages: 39
Article 1 (1) This Convention applies to contracts of sale of goods between parties whose places of business are in different States: (a) when the States are Contracting States; or (b) when the rules of private international law lead to the application of the law of a Contracting State. (2) The fact that the parties have their places of business in different States is to be disregarded whenever this fact does not appear either from the contract or from any dealings between, or from information
Words: 24114 - Pages: 97
Bait and Switch By Darryl Mitchell Professor Kenneth Pino Law, Ethics, and Corporate Governance – LEG 500 August 21, 2011 1. Betty drove three hours in one-hundred degree heat. Explain if this fact has any bearing on whether or not the dealer must perform in accordance with the published advertisement. The fact that Betty drove three hours in one-hundred degree heat has no bearing on whether or not the dealer must perform in accordance with the published advertisement
Words: 1521 - Pages: 7
Chapter6(Formation of a Contract: Consideration and Intention ) before an agreement is binding in law it must also have 2 primary elements:1. Consideration, and 2. Mutual intention to create legal relations Bargain: Each party pays a price for the promise of the other Consideration: the price or value for which the promise of the other is bought. Promisor: promise to pay money, deliver goods or provide servicesValid consideration must be: Specific but not
Words: 718 - Pages: 3
SUBMITTED TO: Dr. Siti Salwani Razali SUBMITTED BY Abdullah Md Mohabbat 1112221 Abdul Wasey Faheem 1119949 (Section : 3) FACTS OF THE CASE The defendant had made the highest bid in an auction. The defendant had withdrawn his offer before the auctioneer had knocked his hammer. The plaintiff’s counsel opened the case with as: the goods were put up in one lot at an auction. There were several bidders of which the defendant was the last bidder. The defendant had bid 401. The auctioneer
Words: 1106 - Pages: 5
