Invitation system

1. (a) Going through Naiker’s case, we will be concluding if there is an enforceable contract or there is not an enforceable contract. In Naiker’s case, Ahmad is the offeror and Naiker himself is the offeree. Basically, Naiker somehow developed an interest in playing the piano, and he wanted to purchase a second hand piano for learning purposes. Ahmad knew about it and he decided to post an offer by letter to Naiker to sell his piano on Monday 2 June stating, “Good quality piano for sale $2,500.…

1) Dorothy and Brian I: Had the contract between Dorothy and Brian come into existence? In particular, was Dorothy obligated to sell her house to Brian? R: Offer and counter-offer “An invitation to treat is essentially an indication that a person is prepared to negotiate” “Acceptance cannot be interfered from the silence or inaction of the offeree” . A: Brian offered to buy Dorothy’s house and Dorothy replied Brian that she would sell the house for $2.000.000. Brian countered Dorothy’s offer…

Introduction The major issue of the case was (1) whether there was a constructive trust and (2) whether the certainty of interest in the property justified its existence. This was the first case to apply the principles laid down in Cobbe v Yeoman’s Row Management Ltd, distinguishing interest pursuant to formal written agreements from interest in property. In addition, Mr. Justice Morgan in Herbert (para 91) touched on the topic of certainty in constructive trust and in contract. This case…

intention/willingness, 2: specified terms (method of payment) and 3: no further negotiation. There are two types advertisement, 1: bilateral advertisement where both parties start performance after the formation of the contract, bilateral ads are usually invitation to treat such as sale of goods (adverts in newspaper are bilateral). In the case of Mr. Ishtiaq vs heaven furniture…

Task 1 Karabo v Simbere The main issue of this scenario is whether a contract had been formed between the two parties. The English law of contract explains a contract as a legally binding or valid agreement between two or more parties with the purpose of creating a commitment. Formation of a valid contract must contain the elements; offer and agreement, consideration and Intention. An offer is a definite statement of willingness to be bound on specified terms. Acceptance can be defined as…

the problem question. Before proceeding with advising the individual’s, we need to check the validity of the contract and to establish the note displayed on the car windscreen is “Invitation to Treat” (or) “Offer”. The difference between the two is significant and need to be specifically identify, as the ‘invitation to treat’ cannot be accepted legally and an offer is an expression of willingness to contract on the specified terms without further negotiation and which is legally accepted. The…

offer and that Carlil was entitled to the reward her £100 as she accepted the condition in the offer by catching a flu. What is not an offer? • Invitation to treat – an invitation to treat is not an offer but an invitation to make an offer but not legally binding. Therefore, the person is able to accept or reject the offer. An example of an invitation of treat are goods…

difference between offer and invitation to treat. Advertisement is an example of invitation to treat. According to the case Partridge v Crittenden [1968] 1 WLR 1204, Partridge advertised rare wild birds for sale it is an invitation to treat. The situation is similar to the above fact. Hence, there is not an offer made by Tony. The case, Grainger and Sons v Gough [1896] AC 235, can also be used to distingue offer and invitation to treat. Besides that, shop displays is also an invitation to treat…

1.1 Clearly explain what requirements must be in place for a Contract to exist between two parties: A contract is a legally binding agreement offering rights and imposing obligations of specific terms between two or more persons (or entities) in which there is a set of promises in re-turn for a benefit (a consideration). The legal bind is only applicable upon the party or ‘privy’ who enter the contract. For a contract to exist between two parties there must be evidence of the following…

Qantas, like other Australian companies will have to shift to AASB 15 regulations when they come into effect in 2018. The regulations set guidelines for recognition of revenues. Indeed, it requires that revenues are recognized in a way that it is representative of goods/services that an entity has promised to transfer to consumers on basis of values that reflect the entity’s expectations in return for the goods/services supplied. a) Outline how companies are required to account for revenue…