expressing a willingness to receive offers. (Stefan Fafinski and Emily Finch‚ 2010) to distinguish between a genuine offer and invitation to treat‚ it depends on the intention of the party making the statement. There are certain situation can be made by applying rules of law include advertisements[1]‚ self-service and shop window displays[2]‚ and auctions[3]. In general rule‚ an advertisement is an invitation to treat as it is an expression of willingness to receive offers as the starting point of negotiations
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mass-merchandise department store chain and was offered at least $4 million annually to create triple the amount of artifact replicas. The head of Lancer Gallery has come to a huge dilemma. The company president Andrew Smythe has stated that it is a wonderful offer‚ as it will add $4 million in additional sales which is over their annual growth‚ which would help a lot due to the recession. However‚ becoming a company that mainly creates replicas can have a huge effect on their current dealers and customers as
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preference for hard cash or assets‚ instead of notes or rights to income. BATNA: In speaking to Jones‚ I still have the option to go with the Wimbledon‚ Gentrification‚ or Grouse offers. Wimbledon offers an ultimate benefit of $11M. Gentrification offers a note for $15M‚ and we would be forced to repay the loan of $2M. Grouse offers a $17.5M to 19.5M value‚ but also the ability to maintain the character and tasteful use of the property. Target Price and Reservation Price: Our target price would therefore
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project‚ is the owner somewhat justified in seeking additional offers? Yes‚ the owner has the right to seek additional offers‚ but should not be allowed to use the ideas of the contractor who had already won the bid if they decide to go with another offer. b. Is it premature for a contractor to offer price-cutting suggestions prior to signing a contract? Why or why not? Yes‚ I find it premature for the contractor to offer the suggestions before signing a contract because just like in this
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No. 480 DECS Memo No. 204‚ 2. 1998 DECS Order Nos. 22 and 28‚ s. 1999 What is the ALS Accreditation and Equivalency Test? The ALS A&E Test formerly the Nonformal Education A&E Test is one of the four components of the ALS A&E (then NFE A&E). It offers the successful test takers certification of learning achievements at two learning levels – Elementary and Secondary – that is comparable to the formal school system. The ALS A&E Tests in both levels are standardized paper and pencil-based tests and
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Business Law Assignment; Mistake in contract law‚ is a factual misunderstanding that may lead to a failure of a meeting of the minds. Unilateral mistake is mean that is only one party is mistaken‚ but the other party knows‚ or ought reasonably to be aware of the mistake. Contract may be void or voidable. Void is a contract that is no legal effect. While‚ voidable is an agreement that may be affirmed or rejected at the option of one of the party. The reason why Lord Denning took the view that these
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For Metalcrafters Inc.‚ the first thing I would do is to decide whether or not each alternative is mutually exclusive or independent. In this case‚ the stamping press alternatives are mutually exclusive‚ the extrusion press alternatives are mutually exclusive‚ and the new parts orders are mutually exclusive. Beginning with the stamping press‚ the next thing I would do is figure out what the expected useful life is for each alternative. Because the SX-65 has a useful life of 5 years and the MD-40
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What if They Won’t Play (Use Negotiation Jujitsu) Getting to Yes Negotiating Agreement Without Giving In By Roger Fisher and William Ury Vikas Singh Ed Hill What if They Won’t Play • Theymaystatetheirpositioninunequivocal terms • Concernedonlywithmaximizingtheirowngains • Theymayattackyouinplaceofattackingthe problems Three Basic Strategies • What you can do • What they can do – Negotiation Jujitsu • What a third party can do – One Text Mediation Procedure Negotiation Jujitsu Three Basic
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Describe the different obligations imposed by the implied and the express repair covenant in a lease. (list the various terminologies used and explain their meaning) A repair is ‘making good the damage so as to leave the subject as far as possible as though it had not been damaged’ defined in Clathorpe v McOscar 1924 Ultimately‚ the landlord wants to pass on the repairing responsibility to the tenant. Tenants will usually accept the responsibility as long as it is not too onerous. The phrase caveat
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i) What is code of conduct from the legal perspective? The US Legal Definitions defined Code of Conduct as a set of law and regulations to govern appropriate manner or behavior to one organization or group. Thus‚ COC in the context of legal perspective generally can be divided into two categories. The categories relied on the Code’s legal status‚ which are soft law and hard law instrument. Hard law are also refer to compulsory code of conduct (CCOC). According to Abbott and Snidal (2000)‚ hard law
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