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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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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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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RUNNING HEAD: INTERVENTIONS USED TO INCREASE RECYCLING Interventions Used to Increase Recycling with an Existing Curbside Program Interventions Used to Improve Recycling with an Existing Curbside Program Today‚ policy makers and waste management companies have been trying to find new ways to reduce the amount of waste entering the landfills because we are rapidly running out of space for such use. In 2000‚ U.S. residents and businesses produced more than 221 million tons of waste‚ which
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What are the effects of treatment programs and how do these programs assist the rate of recidivism? According to Steadman and Naples (2005)‚ 11.4 million people are booked within the United States prison system annually and of that‚ it is estimated that seven percent have been diagnosed with a serious mental disorder as well. Treatment programs have been previously scrutinized however; studies have shown that relapses and recommitting of criminal acts by substance abusers is common during the
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The Effect of Electrolysis On the Height Increase Rate Of the Palay Plant A Scientific Investigatory Project Presented to the Faculty of the University of St. La Salle Integrated School Bacolod City In Partial Fulfillment of the Requirements of the Subject Science 10 Chemistry By: Ablan‚ Victor Emmanuel P. De la Peña‚ Percival A Penado‚ Keith Nealson M. Puey‚ Patrick Anthony A. Villamor‚ Rex John Theodore Y. 10E i i Acknowledgement In this study‚ the researchers were
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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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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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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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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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