Business Law By Andrew Burnett (20131219) A Research Paper Submitted in Partial Fulfillment of the Requirements for Business Law Course of Study School of Computer Studies Excelsior Community College, Jamaica December 2, 2014 The postal rule The postal rule states that where it is agreed that the parties will use the post as a means of communication the postal rule will apply. The postal rule states that where a letter is properly addressed and stamped the acceptance
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Contracts -- INTERNATIONAL COLLEGE OF BUSINESS AND TECHNOLOGY -- 14 ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS Individual Assigment -Stephani Jayarathne- BTEC EDEXCEL HND DIPLOMA IN BUSINESS (MANAGEMENT & HUMAN RESOURCES) OFFERED BY INTERNATIONAL COLLEGE OF BUSINESS AND TECHNOLOGY ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS STEPHANIE JAYARATHNA BMK 31 ICBT KANDY CAMPUS SUBMITED TO: MRS KANCHANA LIYANAPATHIRANA 2013/07/21 Acknowledgement. It is with great
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explain three stages of Contract law, Offer, Acceptance and Revocation and how they apply to the given situation. As a marketing strategy Winder Ltd placed an advertisement in the ‘Dailey News’ newspaper and on their website offering ‘Free unlimited E-Books for a year available to its first 30 new customers, stating they must apply on-line before the 5th November 2011. By taking up this offer the reader will be entering into a contract with Winder Ltd. A contract is a legal agreement and
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Business Law – Assignment 2Advise Chris with regard to the law relating to offer and acceptance. In order to advise Chris it is necessary to consider the law relating to offer and acceptance. Chris placed the following advertisement in the ‘Antiques Monthly’ magazine on Monday; “Rare 18th Century Long case clock by Ticker for sale £15,000 or nearest offer”.Within contract law relating to offer and acceptance we need to assess whether this advertisement is an offer or simply an invitation to
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he would sue her for breach of contract. This legal issue is that whether there are both valid offer and acceptance bringing Cindy into a legally binding contract and the display of handbag in Lam’s shop is either an offer or an invitation to treat. A legally binding contract requires five essential elements, which are offer, acceptance, consideration, intention to form a contract and capacity. Where all these elements are present, a legally binding contract comes into effect. An offer is an
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Business Law Assignment Business Law Assignment Aalene Williams Business Studies Aalene Williams Business Studies Table of Contents: Case……………………………………………………………………………………Pg2 Issue 1………………………………………………………………………………….Pg3 Issue 2………………………………………………………………………………….Pg5 Issue 3………………………………………………………………………………….Pg7 Issue 4………………………………………………………………………………….Pg9 Issue 5……………………………………………………………………………...….Pg11 Issue 6…………………………………………………………………………………Pg13 Issue 7…………………………………………………………………………………Pg15
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1. STEP 1 The issue of law concerns the element of agreement required for the formation of a legally enforceable contract between both parties. STEP 2 A legally enforceable contract is made up of three main requirements which are intention, agreement and consideration. All of these elements is necessary and if not established then the contract made would not be acknowledged by the law. The element of agreement to form a legally enforceable contract between both parties is discussed. An agreement
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people. However, Ah Heng does not pay up when the loan becomes due. From the eyes of the law James is required to obtain a money lending licence to lend money to people legally. However, since James did not have a money lending licence, the contract can be deemed illegal depending on whether the purpose of the licence was used to raise revenue for the government or to protect the public. Example Case Law: Smith v Mawhood A tobacconist had to obtain a licence and have his name painted on the place
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Functions and Role of Law in Business and Society Introduction Law has a huge role in both business and society. It has evolved from basic morality and society cannot exist properly without it. Law most often is aligned with customs and that which society has deemed to be right or wrong (Emerson, 2009). In business, companies would have a free- for- all without it. The result would be that no business would actually be achieved. Law in Business Laws govern every aspect of business. They keep
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Introduction In the business law an advertisement in the general there can either be an invitation to treat or offer it is depends on the intention of the parties in each case. If the advertisement of bilateral contracts are not offers whereas advertisement of unilateral contracts are construed to be offers. In the case reference to Carlill v Carbolic Smoke Ball [1893] the advertisement is a unilateral contract was held to be an offer, this is most special. The offer is an offer must be true, rather
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