Essays Tagged: "Offer and acceptance"

Definition of a Contract

an out-of-court settlement, thus saving the expense of legal proceedings.A contract arises when an offer to make a contract is accepted. An offer contains a promise (for example, 'I will pay $1,000') ... something in return (a person's car). The acceptance consists of an assent by the party to whom the offer is made, showing that the person agrees to the terms offered. The offer may be terminated in a ...

(4 pages) 562 4 5.0 Nov/1996

Subjects: Law & Government Essays > Law

Contracts

an out-of-court settlement, thus saving the expense of legal proceedings.A contract arises when an offer to make a contract is accepted. An offer contains a promise (for example, 'I will pay $1,000') ... something in return (a person's car). The acceptance consists of an assent by the party to whom the offer is made, showing that the person agrees to the terms offered. The offer may be terminated in a ...

(5 pages) 455 0 4.5 Jan/1996

Subjects: Law & Government Essays > Law

Comment on the essential elements of a valid contract and the importance of each.

each party a duty to do or to refrain from doing something. Normally this means one party making an offer and the other accepting it. Then if one of the parties or persons fails to keep his or her pro ... t form it.Unilateral contracts involve a promise made by one party only. This normally involves the offeror promising to do a certain thing if the offeree performs an act. This is a one sided contract ...

(8 pages) 343 2 4.2 Sep/2003

Subjects: Businesss Research Papers

Business Law

nd legislations.First I will explain using examples and appropriate cases the difference between an offer and an invitation to treat. Then I will define the term consideration, showing the rules and i ... acts to a real life situation.Explain using examples and appropriate case the difference between an offer and an invitation to treat.When someone makes you an offer, it is a proposal made on certain t ...

(9 pages) 378 0 4.8 Feb/2004

Subjects: Law & Government Essays

Legal Environment Contracts,Torts and Bankruptcy

nce between bilateral and unilateral contracts: In a situation involving a unilateral contract, the offeror asks for a return act ("paint my house")-not a promise. However, the offeror who asks for a ... performance itself. Sometimes made to one party, sometimes to public.In a unilateral contract, the offer is phrased so that the offeree can accept the offer only by completing the contract performanc ...

(18 pages) 610 1 4.7 Apr/2004

Subjects: Law & Government Essays > Law

Chapter 17 in Law 12 textbook

ty.2. List the five essential elements of a contract.The five essential elements of a contract are: offer and acceptance or a "meeting of the minds," consideration, capacity, genuine consent, and lega ... ct, and that both fully intend to complete their legal obligations.17.31. In a contract, who is the offeror, and who is the offeree?The offeror is the person making the offer and the offeree is the pe ...

(5 pages) 99 0 4.0 Sep/2004

Subjects: Law & Government Essays

Business law

ified as a valid simple contract, there are three essential elements:1) Agreement in the form of an offer and acceptance2) Intention to create legal relation3) ConsiderationAgreement in the form of an ... n agreement is reached when the conduct of the parties involved can be characterized in terms of an offer by one party and an acceptance by another. [Brogden v Metropolitan Railway Co. (1877) 2 App Ca ...

(11 pages) 188 0 3.4 Sep/2004

Subjects: Businesss Research Papers

B law

contract, there are three essential elements:Elements of contract:(1). Agreement in the form of an offer and acceptance(2). Intention to create legal relation.(3). Consideration.Agreement:Basically, ... an agreement is reached when the conduct of the parties involved can be characterized in term of an offer by one party and an acceptance by another. [Brogden v Metropolitan Railway Co.] 1. In this cas ...

(8 pages) 66 1 4.3 Sep/2004

Subjects: Businesss Research Papers

Business Law Test Study Notes Review

s must reach a mutual agreement. Equal bargaining positions. Free to enter as they choose. Involves offer and acceptance. Consensus can be inferred (indirect)CONSIDERATION - commitment of both parties ... of unlawful act. It is void.BILATERAL CONTRACT - both parties make commitments; assume obligations. Offer - Acceptance.UNILATERAL CONTRACT - There is no exchange of promises in a Unilateral Contract. ...

(5 pages) 314 0 5.0 Jan/2005

Subjects: Law & Government Essays > Law

Is that Offer?

In this case, it concerns a valid contract an offer. There are seven essential elements in a binding legal contract. They are:(1)offer and accepta ... f Contract(7)Genuine Consent of the partiesThen it is important to decide whether a statement is an offer or an invitation to treat, because if the statement is an offer and the offer is accepted a co ... e statement is an invitation to treat, it cannot be accepted; it is merely an invitation to make an offer.An offer expresses a party willingness to enter into legal relations with another party on cer ...

(1 pages) 50 0 1.5 Feb/2005

Subjects: Law & Government Essays > Law > Cases

Contract Law (Canadian) Commercial Law.

The person who makes the promise and is willing to be bound by that promise is called the promisor (offeror) while the person who accepts the promise is known as the promise. There are two general typ ... ts normally view advertising as an "invitation to do business." The act of advertising is merely an offer to do business.The second necessary element is the offer. The offer is essentially "a promise ...

(8 pages) 103 0 5.0 Nov/2005

Subjects: Law & Government Essays > Law

Contract Law: Can Susan successfully sue Elizebet?

e contract is effective or not. For a contract to be valid, there are four key elements, which are "offer", "acceptance", "consideration" and "legal intention". Without any one of them, there is no co ... as an invitation to treat. When Susan asked her about the price, Elizabeth invited Susan to make an offer of no less than ₤50. Before long, Susan replied by making an offer of ₤50 to buy E ...

(8 pages) 125 0 0.0 Dec/2005

Subjects: Law & Government Essays > Law > Cases

Case note: Blackpool and Fylde Aero Club v Blackpool Borough Council

......................3Analytical Discussion of the implications for the principles of lawregarding offer and acceptance............................................6Current law in Australia regarding ... s refused .Legal issues in dispute:The main issue in dispute was that under the traditional view of offer and acceptance the general rule regarding tenders is that an invitation to tender was merely a ...

(12 pages) 56 0 5.0 Feb/2007

Subjects: Law & Government Essays > Law > Cases

Critically analysis the rules relation to communications in the formation of contracts prior to a business deal.

tion in which one or both parties make a legally enforceable promise. Under the modern approach, an offer invites acceptance by any means reasonable under the circumstances, unless otherwise indicated ... unless otherwise indicated by language or circumstances. This approach reflects the fact that many offers do not specify whether acceptance is to be by full performance or promise.Unless the offeror ...

(5 pages) 772 0 5.0 Dec/2008

Subjects: Businesss Research Papers

Case study

buy B's car for $12,000 by post. It is primary to distinguish between an invitation to treat and an offer, as an offer once accepted creates a legally binding contract in which does not apply to the a ... ged acceptance of an invitation to treat. Therefore, the issue is whether the proposal from A is an offer or an invitation to treat.An offer is defined in Preston Corpn Sdn Bhd v Edward Leong [1982] a ...

(10 pages) 55 0 5.0 Jan/2009

Subjects: Law & Government Essays > Law

Contract Law

. And the contract usually made between two parties or more. To enter the contract there must be an offer an acceptance that made by two parties or more, both parties to a contract must first reach an ... rds, a contract is an agreement which is enforceable by law. To have an agreement, there must be an offer and an acceptance to that offer.Offer + Acceptance = AgreementFormation of ContractThe essence ...

(14 pages) 142 0 5.0 Mar/2009

Subjects: Law & Government Essays

Comparative law analysis between Australian, Germany and China Legal Systems

ed.Australia Legal ViewpointBefore the law will regard an agreement as a contract, there must be an offer made by one party and an acceptance of that offer by another.� An offer must be underst ... An offer must be understood by the person to whom it is addressed as exhibiting an intention by the offeror to be bound without further discussion or negotiation, on the acceptance of the terms stated ...

(18 pages) 29 0 0.0 Mar/2009

Subjects: Law & Government Essays > Military & International Conflicts & Security

Business Law

On 1 January, Kenny writes to Elaine offering to sell Elaine her car for $50,000.On 5 January, Elaine writes back and offers to pay $40,0 ... s her that he has decided not to sell his car.On the same day, Elaine writes to Kenny accepting the offer of 8 January.Is there a contract between the parties? Assume that all letters were posted on t ... n the day they were written and delivered following day.For a valid contract to exist there must be offer and acceptance. An offer is a statement of willingness to be bound by the terms of the offer. ...

(4 pages) 36 0 3.0 Jul/2009

Subjects: Law & Government Essays > Law > Cases

Contract Law Problem Answer

Part AThe first issue that we must determine is whether there was an offer made by PecPacPro or was it a 'mere puff'; an exaggerated sales hype. Upon attempting to claim ... ; an exaggerated sales hype. Upon attempting to claim the advertised holiday, Matt is told that the offer was 'nonsense' and that they 'did not expect anyone to believe it'. In this case, the offer mu ... ree … you have nothing to lose!'. In this example, we have a unilateral contract:you have an offer, which is to become liable to anyone who, before it is retracted, performs the condition, and ...

(11 pages) 1 0 0.0 Mar/2012

Subjects: Law & Government Essays

LEGT1710

ontract is formed. The contract must contain the following elements: intention to be legally bound, offer, acceptance, consideration, legal capacity, genuine consent and legality.For an agreement to e ... established. We can determine that the letter for the reduction of payment can either be seen as an offer or an acceptance. If M had written the statement as an offer to R to pay only $2000 per month, ...

(7 pages) 0 0 0.0 Aug/2012

Subjects: Businesss Research Papers > Case Studies