goods in a shop is only an offer to treat Australian Woollen Mills v Cth The offer must be in exchange for the other party’s consideration (quid pro quo). If it isn’t it is more likely a gratuitous promise Seppelt & Sons v Commissioner The use of the word “offer” is not conclusive Carlill v Carbolic An offer can be made to the whole world. Unilateral offers may require communication of the acceptance after the consideration Felthouse v Bindley Silence is not acceptance Empirnall Holdings v Machon Where
Premium Contract Contract law
Apparent Weight: Person on Scale in Elevator A person with mass‚ m‚ who is located at or near the surface of the Earth will always have some weight W=mg. When a person stands on a scale‚ the reading (the number of pounds or newtons) on the scale is actually the Normal Force that the scale exerts back towards the person to support the person’s weight. (Note that the person and the scale are stationary relative to each other‚ in other words they are always in contact with each other‚ so they always
Free Force Classical mechanics Newton's laws of motion
Contract Creation and Management Johnny B Good LAW/531 April 30‚ 2012 Professor Law Contract Creation and Management This week assignment is to provide analysis on the Contract Creation and Management simulation provided in the University of Phoenix (UOP) materials website. The simulation involves two companies; Span Systems‚ a California-based custom e-banking software developer and Citizen-Schwarz AG (C-S)‚ a Stuttgart-based bank with revenues of over $20 billion. Through C-S’s regional
Premium Project management Contract
November 2‚ 2009 SUBJECT: Contract Creation and Management Simulation CC: Board of Directors Span Systems is a California based custom e-banking software developer that has entered into a $6million contracted with Citizen Schwartz (C-S) to develop banking software in one year. The companies are eight month into the contract and there has been poor performance‚ organizational changes‚ and project delays are the issues that can result a breach of contract. The purpose of this memo is to
Premium Contract Project management Software development
Contract Creation and Management Erica Ackerman University of Phoenix Online Business Law LAW 531 Laurie Wicker April 30‚ 2012 Contract Creation and Management Introduction A contract is a binding agreement between two or more mutual parties. When people enter into a contract‚ they must abide by every article of the contract or they are in danger of a lawsuit for breach of contract (Cheeseman‚ 2010). The author of this paper completed the contract creation and management simulation
Premium Contract Breach of contract
LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
Premium Contract
Consideration Student Name Instructor Name University Affiliation Date Abstract Consideration is the price that the promisor asks in exchange for their promise‚ that is‚ the price of a given promise. Consideration is not a significant part of a contract in a number of jurisdictions. Once parties have reached a binding agreement‚ that becomes sufficient. Nevertheless‚ the common law requires that for agreement to be binding‚ the person to whom a promise is made (promisee) must offer
Premium Contract Common law
Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
Premium Contract Consideration
Running head: CONTRACT CREATION AND MANAGEMENT SIMULATION MEMO Contract Creation And Management Simulation Memo Nigel Summers BUS LAW/531 12/3/09 Toni Seller Abstract This paper is a memo stating the legal Issues and legal risks within the simulation. Suggest different strategies or factors to avoid these risks‚ minimize liabilities for managers‚ and suggest different alternative approaches to resolve the problems identified in the simulation and explaining which alternative approach would
Premium Management Project management Breach of contract
1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
Premium Contract Contract law