------------------------------------------------- CORPORATE LAW ASSIGNMENT NO. 1 March 24, 2015 Ujala Liaqat BBA-2K11 (SECTION A) March 24, 2015 Ujala Liaqat BBA-2K11 (SECTION A) WHAT IS THE DIFFERENCE BETWEEN OFFER AND INVITATION TO TREAT? An offer is a statement of the terms which the client (the offeror) is prepared to be contractually bound. The offer must be complete, specific and capable of being accepted. It must include the fundamental terms of the agreement with the intention
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Contract Law Employment Contracts Entry Level vs. Executive Entry Level Contracts The contract that is being introduced is for an entry-level position at Taboo Resort Golf and Spa. The contract itself is very generic and can apply to any entry-level position at the resort. Although the contract does not speak to specific position, it was presented to a future front desk agent. The contract is not lengthy and is divided into sections. This method assures that the future employee is reading
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QUESTION 1 IF ONE OR BOTH PARTIES ENTER INTO A CONTRACT UNDER SOME MISUNDERSTANDING OR MISTAKEN ASSUMPTION, IN WHAT CIRCUMSTANCES WILL THE COURT INTERVENE TO HOLD THE CONTRACT VOID AND UNENFORCEABLE ON THE GROUNDS OF MISTAKE? In contract law, a mistake is an erroneous belief made by parties when contracting. Mistakes are not generally enforceable at the law court and are often treated as void or voidable. Mistakes are generally irrelevant, but exception to this places great emphasis on operative
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A) Law of contract An agreement enforceable in law, a contract, needs to fulfill 4 elements: offer, acceptance, consideration and intention to be valid. It legally binds parties to act in accordance to the verbal or written terms stated in the contract. If there is a breach of contract, the innocent party can sue for damages or demand for specific performance to be done. a) Applicable law There are three categories of terms of contract: conditions, warranties and innominate terms. Classifications
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Contract Law (Mutuality of Consideration) November 7, 20013 SUMMARY OF FACTS Bernie is selling his 2006 Ford Fusion. Vivian makes an offer to buy Bernie’s car for $12,000. Bernie and Vivian meet and agree on the selling price of $12,500. Vivian needs more time to come up the money for the car. Bernie agrees to give Vivian time to come up with the money to purchase his car. Bernie requires Vivian to put down a $1,000 deposit and pay the full balance by March 31st. Bernie drafts up an agreement;
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promises in ad to pay 100 pounds to any person who contracts flu after using smoke ball. • Carlill (plaintiff) uses ball but contracts flu + relies on ad. Issue: Was there a binding contract between the parties? - A contract requires notification of acceptance – Did Mrs Carlill notify Carbolic of the acceptance of the offer? - Did Mrs Carlill provide consideration in exchange for the 100 pounds reward? Def argument is: There was no binding contract – the words of the ad did not amount to a promise
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offer. Thus, there is no binding contract beeen Second case First, the key of the second issue is ABC did not agreed the conditional offer. And made a new offer. However Martha cancelled it. The relevant principle of this case is the acceptance of counter offer. A mere request of information would not amount to a counter-offer. And also acceptance is a final and unconditional expression of assent to the terms of an offer, once given it shall, become a binding contract. When Martha fax to ABC, she said”
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There are two possible contracts in the story. The first one is between Sue and her 14-year old son. The second issue is between Sue and Vons supermarket. Looking at the first scenario between Sue and her son, it may seem that Sue’s son was on breach of contract for not cutting the grass. Analyzing the issue, we can see that a contract does not exist because the boy is under the age of consent. Since he is between the age of 7 and 14, he is considered a child of tender years, and he is too
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LAW OF CONTRACT: VOIDABLE CONTRACT A formal agreement between two parties that may be rendered unenforceable for a number of legal reasons. Reasons that can make a contract voidable include failure by one or both parties to disclose a material fact. Circumstances or features that make a contract voidable include coercion, undue influence, fraud, misrepresentation and mistake. Based on our case review, we more focus on voidable contract under undue influence. In section 16 has defined undue
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Introduction Contract Management and Negotiation Contract management is the management of contracts made with, vendors, employees, partners, or customers. The personnel involved in Contract Management required to support, negotiate and manage effective contracts are expensive to train and retain. It includes negotiating the terms and conditions in contracts and ensuring that the terms and conditions are complaint. It also includes agreeing on and documenting any changes or amendments that may arise
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