Questions On Law For Managers

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LAW FOR MANAGERS Question 1: 1 Offer The first element in a valid contract would be offer. An offer or an agreement needs to be in contract because without offer there is no contract. In the Contracts Act 1950 the first elements is an offer. It is one of the elements to make sure that the contract is legally valid or acceptable. In a contract, it is important that a party would make an offer. There is a difference of offer between an advertisement and an option. To make a valid offer there should be at least two parties so that it would be legally capable of entering into a contract. 2 Acceptances After having an offer contract, there should be acceptance as well. For a contract to be made there…show more content…
Sub Issue 1.1: Is the $6.99 price tag a binding offer from VG? Sub Issue 1.2: If the price tag is not an offer from VG, was it a genuine printing mistake? Issue 2: If VG has told j that was a typographical error, then what about the other copies from the shelf, as J took the last copy remaining in that shelf? Issue 3: Does J have any other recourse against BB? RULES 1. Advertising circulars are generally not offers, but invitations to treat. 2. Invitations to treat are not offers and therefore cannot be accepted. There is no contract if VG refuses to accept J’s offer. 3. An offer is terminated if a counter offer is made – e.g. in this case if J offers $6.99 and VG rejects that offer and tells J that it will accept $69.99. 5. The Australian Consumer Law (ACL), s18 (misleading or deceptive conduct) and s29 (false representations), provide recourse to a consumer where it is shown that a service provider was careless in the formation of advertising material. J may have a right to take action under ANALYSIS Issue 1 & Sub Issues 1.1 and 1.2: the price tag is not an offer made by VG to J – it is an Invitation to treat which J cannot accept. There is no indication on the facts given that VG had expressed any intention to be legally bound by the provisions of the
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