Rules of Offer and Acceptance are applied to enforce an agreement by the law. This agreement is the first requisite of any contract of the business. In order to a contract come into being between parties‚ the offer is made by the offeror and the oferee accept that offer. In 21st century‚ there are rapid changes in business trend which create lots of new business model such as e-business and global business. The more business participates‚ the more requirements of Offer and Acceptance Rules to adapt to
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Four main justifications of Postal Acceptance Rule i. ‘Ad infinitum’ Justification Postal rule had existed almost for 200 years and the post had been creating problems for people which the courts are obliged to solve them logically. Why it had been creating so many problems for people and that we will be discussing later on. For now let’s look at the four main justifications for postal rule of acceptance. It came from Treitel and he believes that the four main justifications are for the creation
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Offer and acceptance is one the main 7 essentials to create a legally binding contract since a contract is based on agreement. It is also an essential for a court to arbitrate problems. An offer is a manifestation (orally‚ in writing‚ or by conduct) of willingness to enter into bargain‚ which justifies another person’s understanding of assent to that bargain is invited and will conclude the transaction. An Offeror is the party who makes the offer. An offeree is the party who receives the offer and
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The Effectiveness of Acceptances Communicated by Electronic Means‚ or — Does the Postal Acceptance Rule Apply to Email? Eliza Mik* The ‘traditional’ classification into ‘instantaneous’ and ‘non-instantaneous’ methods of communication must be abandoned. As all Internet transmissions are instantaneous‚ the choice between the principle of receipt and the postal exception must be based on other criteria. The focus must be shifted from communication devices to the characteristics of the communication
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Peer pressure doesn’t influence purchase behavior‚ or does it? In this essay‚ I will discuss the effects of peer pressure on consumer’s purchase behavior. First of all we will look at the origins of peer pressure‚ the different groups it can affect‚ we will then look at the negative aspects and positive aspects of peer pressure‚ and finally we will analyze the effects that this phenomenon has on consumers and how marketers can make this phenomenon useful to them. We can define peer pressure
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the Effects of Peer and Parent Pressure to the Academic Performance of 3rd Year BSHRM Students of UIC INTRODUCTION College Students are encountering lots of problem. It may include school problems‚ family problems and some are personal problems that he or she keeps on his or her own‚ and it will have a great impact to their Academic Performance. But‚ for you being pressured by your parents and peers is another part of the story. This study will help us on what state does peer and Parent Pressure
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adolescents make regarding their motivation‚ engagement‚ and achievement in school (in life) and the satisfaction they obtain from their choices depend‚ in part‚ on the context in which the make such choices. (Ryan‚ 2000) Teachers‚ parents‚ and peers all provide adolescents with suggestions and feedback about what they should think and how they should behave in social situations. These models can be a source of motivation or lack thereof. Modeling refers to individual changes in cognition‚ behavior
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The influence of peer pressure Peer pressure is followed by a negative connotation as negative influence. Most people think of peer pressure as influence to do negative things like smoking‚ taking illicit drugs‚ drinking alcohol‚ having promiscuous sex‚ engaging in criminal behavior‚ involvement in violence‚ joining gangs‚ and so on. However‚ there is always that dual perspective of negatives and positives towards the subject. When you glance at the positive affirmations of peer pressure such as
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Peer Pressure What is peer pressure? Adolescents often times deal with pressures from homework‚ love‚ money‚ parents and teachers. However‚ one of the things that pressures us the most is how to fit in with our peers. We call it peer pressure. Simple enough‚ it is exactly what it says pressures from your peers. Peer pressure is when you do something either because they have persuaded you or because all your peers are doing it. Do you remember the last time your parents declined your
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Peer pressure. Say those two powerful words‚ and they can strike fear in your heart! But add the word "positive" and you have a tool that will help kids learn...to make the best choices. Positive peer pressure. These three words pack a powerful punch -- just the kind of positive punch we want in children’s lives to help them make good decisions when we’re not around. It’s important to understand the nature of positive peer pressure and take action to foster its benefits. "Peer influences are normal
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