Agreement (Offer and Acceptance) • Consideration • Intention to create legal relations All three scenarios are supported by “consideration”. The general idea of consideration is that contracts involve an exchange in which both parties give something in exchange for the promise of the other. John offers his car in exchange for 10000 euros from Patrick. As the last two steps involved in a contract are met we only look at the agreement‚ if there is an offer and an acceptance that would
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What are the modes of acceptance recognised under the Contracts Act 1950 (Revised 1974) and common law. Support your answers with reference to decided cases. An acceptance must be communicated for it to be effective and valid. The mental assent of both parties is not required but the external manifestation should exist. The acceptor must dos something in order to notify his acceptance. For example‚ he should communicate his acceptance of the offeror. This can be illustrated
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Offer Proposal is defined under section 2(a) of the Indian contract Act‚ 1872 as "when one person signifies to another his willingness to do or to abstain from doing anything with a view to obtain the assent of that other to such act or abstinence‚ he is said to make a proposal/offer". Thus‚ for a valid offer‚ the party making it must express his willingness to do or not to do something. But mere expression of willingness does not constitute an offer. The rules regarding the offer are The offer
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parties making an offer and its acceptance by the other party. Both offer and acceptance create an agreement. In simple contract should first contain an offer made by one party to the other. What is an offer? As per Sec 2(a) of the contract act “When one person signifies to another his willingness to do or abstain from doing anything‚ with a view to obtaining the assent of that others to such act or abstinence is said to make a proposal”. The word offer of the English law
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proposal or offer. . i) Offer and invitation to treat distinguish. . ii) Intention to create legal relationship. . iii) Cross offer. . iv) Specific and general offer.
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09 November 2012 Mr. Sumit Sachan Uttar Pradesh Dear Sumit‚ We are pleased to offer you the position of ‘Guest Service Associate – Food and Beverage’ with Courtyard by Marriott‚ Bhopal as agents of Deligent Hotels Corporation Pvt. Ltd. with effect from 03 December 2012. However‚ this offer is subject to you being declared medically fit by a reputed medical practitioner and satisfactory references from your referees. Your compensation will be Rupees 11‚075/- per month [Total Remuneration]. The breakdown
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Relevant Law In this case‚ the relevant law is the counter offer. At first‚ Shahreen would like to buy it for RM400 but Hazli did not accept for that price. He would accept for RM450 price. On journey home‚ Shahreen agree with the price and wrote the letter to Hazli. In this case based on case : Hyde v Wrench ( 1940) 3 Bench 334. June 6 Defendant offered to sell his farm to the plaintiff for 1‚ 000 June 8 Plaintif made a counter offer of 950 but defendant refused to sell. June 27 Plaintiff
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Acceptance Lindsay Reid LS 311 Kaplan University Professor James Starcher July 29‚ 2012 Acceptance In the case of Carrie‚ Antonio and Norvel‚ Carrie offers to sell Antonio a set of legal encyclopedias for $300.00. Antonio says he has to think about it and will let Carrie know the next day. Norvel‚ who overheard the offer to Antonio‚ tells Carrie he accepts her offer. Carrie gives Norvel the encyclopedias in return for $300.00. The next day‚ Antonio‚ unaware of the transaction between Norvel
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5/2/13 Acceptance sampling - Wikipedia‚ the free encyclopedia Acceptance sampling From Wikipedia‚ the free encyclopedia Acceptance sampling uses statistical sampling to determine whether to accept or reject a production lot of material. It has been a common quality control technique used in industry and particularly the military for contracts and procurement. It is usually done as products leave the factory‚ or in some cases even within the factory. Most often a producer supplies a consumer
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Acceptance speech: An Acceptance speech provides an expression of gratitude for some form of award which has been given on the basis of merit or excellence. How to Write An Acceptance Speech? Answer An acceptance speech is delivered when a person receives an award or some kind of recognition. Within the acceptance speech‚ you may include some background and history behind your accomplishments. You may choose to thank or acknowledge individuals who have helped you along the way. You may also
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