acceptance is effective on posting‚ this means in some situations where a letter of acceptance was by post‚ the acceptance will be effective at the time and place of posting even if the offeror has no knowledge of this. The issue in the case of Susan and Manesh is whether the postal rule applies. In the case of Quenerduaine v. Cole it stated where an offer was made by telegram and acceptance by post‚ it was not seen as reasonable that the postal rule should apply and therefore the acceptance took effect
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Without offer and acceptance there can be no contract and so it is essential that the law provides rules to identify what constitutes both an offer and an acceptance. An offer may be defined as a statement of willingness to contract on specified terms made with the intention that‚ if accepted‚ it shall become a binding contract. An offer may be express or implied from conduct. In many cases it is crucial to determine when and where a contract is actually formed and this too needs rules. In the vast
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social control of its members. Social control can happen formally and informally. Mostly‚ we see social control within laws‚ court systems‚ and forms of law enforcement‚ but it can manifest in other ways‚ like emotions. Depending on the society‚ the control will vary and may also change over time. Examples of formal control are: going to jail for breaking the laws that are in place‚ getting a referral at school for bullying‚ or being fired for not following a companies set policies. Examples of informally
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Introduction Offer and Acceptance Introduction: For a contract to be legally binding there needs to be 4 ingredients: 1. Offer 2. Acceptance 3. Intention to create legal relations 4. Consideration Building on this‚ in order to prove that a contract is legally binding 5 things need to be proven: 1. That an agreement has been reached. This is usually done by demonstrating that one of the parties has made an offer which the other accepted. 2. The agreement has been
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Israel Ortega-Ramos The Prime Example Our recent visit to a food packaging plant in New Jersey highlighted the inconsistent results of statistical process control routinely faced by Quality Control Managers. Product weight readings were taken from the manufacturing floor‚ entered into an Excel spreadsheet and analyzed. The results produced no predictable under or over filling trend despite the fact that the same people used the same scales at the same time of day. The problem is simple
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Central Colleges of the Philippines College of Computer Studies Mathematics and Natural Science Department In Partial Fulfillment in the Course Statistics and Probabilities “Environmental Studies” (MATH 243) Members: CABSABA‚ John Keith S. CAUBALEJO‚ Dessa Marie S. LAGAÑOSA‚ Michelle MALCABA‚ Thea Rafaelle C. MANUEL‚ Mark Levin G. REBUTIACO‚ Julius Jolwin B. Eng’r Mau H. Camayra Jr. May 22‚ 2013 ACKNOWLEDGMENT The researchers would like to acknowledge
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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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Contract: enforcing bargains made between parties. Requirements for a valid contract • AGREEMENT between the parties • Requirement of CERTAINTY – terms of the contract/what’s going to happen during the life of the contract • INTENTION to create legal relations (formal agreement where they expect the law to be involved) • CONSIDERATION (giving each other party something of value which underlies promise they are making) AGREEMENT: (bargain negotiated between two parties) Looking at it objectively:
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APPENDIX Statistical Tables Table 1 Standard Normal Curve Areas Table 2 Percentage Points of Student’s t Distribution Table 3 t Test Type II Error Curves Table 4 Percentage Points of Sign Test: C␣‚n Table 5 Percentage Points of Wilcoxon Rank Sum Test: TL and TU Table 6 Percentage Points of Wilcoxon Signed-Rank Test Table 7 Percentage Points of Chi-Square Distribution: 2␣ Table 8 Percentage Points of F Distribution: F␣ Table 9 Values of 2 Arcsin ͙ ˆ Table 10 Percentage Points
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A legally enforceable agreement‚ or a contract‚ can be broken down in to five elements; offer‚ acceptance‚ consideration‚ capacity to contract and intention to create legal relations. In this scenario there doesn’t appear to be an issue with capacity to contract and intention to create legal relations‚ so we can assume that they are both satisfied. The issues concerning this scenario are the concept of an offer‚ acceptance and consideration. When looking at the issues and assessing them‚ the objective
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