Acceptance

them by Simon. The main objective of this paper is to determine whether there is a contract that binds Simon and Huddersford Bookshop. In the determination of the case, there are various legal issues that need to be addressed. These are an offer, acceptance, ITT, and remedies that should be accorded to the aggrieved parties in the case. To begin with, an offer is an explicit proposal that is given one party of the need for a contract which when accepted binds the two parties involved in an…

Did Jim and Laura Buy a Car? Charles Rohan Professor Robert Cantrell LEG 100 January 29, 2017 Today many people go in to business with one another because one party has something the other party wants. In order to get what is wanted you often have to pay a fee associated with the item or service that is for sale. When these purchases are large and require a loan that comes with a repayment plan we then head into what is called a contract. A contract is an agreement that creates…

made the acceptance. The court held that a revocation is not effective until it is received by the person to whom the offer was made. Because the plaintiff had not received the revocation at the time he sent a telegram of acceptance, the original offer stood and the plain tiffs acceptance constituted a valid contract. The implication of this decision is that it is possible to post a letter of acceptance after a letter of revocation is posted but before it is received and the acceptance will form…

and accept by an offeree who received the invitation. In this case, TimberCo is the offeror and BuildCo is the offeree. Under rules on offers, an offer can be revoked before acceptance and acceptance must be communicated to the offeror but there is an exception which is the postal acceptance rule. Meanwhile, the postal acceptance rule indicate a contract is formed when the moment the…

elements required to form a contract?  Offer and acceptance: • Offer must be specific, complete, capable of acceptance and made with the intention of being bound by acceptance. • An acceptance is a final and unqualified expression of assent to an offer that is made in response to an offer and corresponds with the terms of the offer exactly with no variation of the terms.  Communication of offer and acceptance over the internet: • Acceptance can only be concluded contracted where it has…

This case has multiple issues that need to be discussed and clarified. First of all, Cory advances an advertisement regarding selling his computer. He then affirms that the binding will start according to the date of the acceptance. His first offer comes by email, but encounters some faults that delay its arrival. The email is followed by a fax that counter-offers the initial proposed price. The offer Firstly, it should be discussed if the proposal constitutes an offer or an invitation to treat…

Arataki, I am writing this report to illustrate the implications of the amendment 13A in the Electronic Transactions Act 2002 (ETA). The reason for the amendment was to gain certainty of when acceptance occurs in forming contracts by electronic communication. This affects eTrade for the reason that when acceptance has occurred the business is liable to perform the contract. Analysing the current law, there is a lack of certainty in regards to time of receipt and risk is heavily weighted on the…

1. Define a Contract A contract is promise for the breach of which law gives a remedy or the performance of which the law in some way recognizes a duty (Goldman and Cheeseman 492). An example of a contract could be a promissory note for a loan on a home or car. 2. Define an offer. Who is the offeror and who is the offeree? The offer is a manifestation by one party’s willingness to enter a contract (Goldman and Cheeseman 493). The offeror is the party who makes the offer while an offeree is the…

consisted of three elements, an agreement, consideration and intention to create legal relations. In addition to this, an agreement is formed by a valid offer and acceptance. An offer is the promise which is clear, certain and final that made by the offeror, the offeree can choose to accept it or reject it as the acceptance is capable. An acceptance refers to the approve of the offer, it must be absolute and communicated to offeror, once the offeree accept the offer, there is an agreement…

and Unilateral contracts can also be used for comparison. There are four important elements in a contract which is valid. They are agreement which contains offer and acceptance, consideration and intention to create legal relations. Firstly, offer is made by offeror and related with offeree who received the offer. Secondly, acceptance which must be absolute unqualified and unconditional is the agreement of the offer made…