Research essay Forming a contract there must be six essential elements which are acceptance‚ consideration‚ intention to be legally binding‚ capacity of the contract and finally legality of the promises.1To archive an agreement between the offeror and offeree there is a formula whereby offer+ acceptance=agreement.2An offer has to be created firstly. An offer means the indication by one person to another of his willingness to enter a contract with the other person on curtain terms.3An offer can
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Issues 1.Andy vs. Bill Is there any contract between Andy and Bill? • Invitation to offer in general • Acceptance in terms of offer • Meeting of minds 2.Andy vs. Ciara Significant issues which needs to be considered are as follows :- • Query for more information • Acceptance of the offer 3. Andy vs. Denis • Validity of the contract • Acceptance needs to be communicated. Rules and Application Andy vs. Bill 1) Invitation to offer in general – The argument here to be discuss is whether there is
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Section 4 Contracts Act 1950 – COMMUNICATION WHEN COMPLETE 4 (1) The communication of a proposal is complete when it comes to the knowledge of the person to whom it is made ( ie the acceptor (emphasis added)). 4(2) The communication of an acceptance is complete:- (a) As against the proposer‚ when it is put in a course of transmission to him‚ so as to be out of the power of the acceptor; and(Case Ignatius v Bell and also Byrne v Van Tienhoven) (b) As against the acceptor‚ when it comes
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Application 1: In this scenario‚ Adrian act as a promisor while the Melissa act as a promisee. Adrian had made an offer to a specific person which is Melissa. Hence‚ only Melissa can accept the offer that made by Adrian. Thus‚ when the offer is accepted by Melissa‚ it becomes a bilateral contract (agreement that involve two person or groups). The offer that made by Adrian to Melissa in this scenario is made expressly which is made in word. Adrian had sent an offer letter to Melissa on 1st November
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The sky was pitch black‚ the house was creaking‚ and I still had four hours until my parents got home. Locked in my parents’ room‚ I turned on the TV full blast so I wouldn’t hear the creaking house. I barely heard the phone ring. I picked it up and said‚ “Hello … hello …?” but there was no response. I knew someone was on the other end. Finally‚ I hung up. A minute later‚ the phone rang again; still no one was there. I became more frightened as time passed; the same ¬person called five more times
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The offer and acceptance model is flawed- only an agreement is necessary. In order to fully comprehend this statement‚ we must first establish what constitutes and offer and what constitutes acceptance. “An offer is a statement by one party of willingness to enter into a contract on stated terms‚ provided that these terms are‚ in turn‚ accepted by the party to whom the offer is addressed”. Acceptance is “…an unqualified expression of ascent to the terms proposed by the offeror”. The “Offer and acceptance
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HONEST TEA: The offering (Exhibit 20-12) shows the current structure of shareholders ("pre-fundraising") as well as the structure after the issuance of additional share-warrant packages to third round investors ("postfundraising") as indicated in the offering. NOTE: the offering indicates that warrants can be called and converted in case of a liquidity event (e.g.‚ trade sale‚ IPO or liquidation) if in-the-money. Those out-of-the-money become worthless. "Callable" means that the company/startup can
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HOW TO ANSWER A PROBLEMATIC QUESTION 4 STEPS :- 1. ISSUE/S Normally‚ you must begin your answer by identifying the legal issue. Read the question carefully and identify the main problem of the case. You may then address your answer by asking for example “Whether silence constitutes an acceptance or not?” 2. LAWS Then you have to think the most relevant areas of law‚ which are applicable to your question. For example if your legal issues
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How I understand calling is how a person is going to fill out God’s plan and purpose for their life‚ ultimately‚ where wherever God is leading them and what they will be doing for God. I believe God can lead people who are not believers to do something they are called to do unconsciously before knowing God. Then when this unbeliever becomes a follower of Christ they continue to fill out this purpose God has for them with godly intentions realizing God has a purpose for their life. Avoiding a call
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