Invitation to treat

. If a store says there was a price mistake in an ad, do they still have to sell the advertised item at the advertised price? No. An ad can be treated as an offer under certain circumstances for instance in the Lefkowitz v. Great Minneapolis Surplus Store, Inc. case. The store published a newspaper ad stating: that on Saturday 9 AM Sharp, three brand new fur coats, worth up to $1,000.00, first Come First Served $1 each. A customer named Morris Lefkowitz arrived at the store ready to pay. However

Issue: Can the offer of reward be revoked after the performance has been completed, before the performance has been completed? England. Rule: Offer of reward is an offer for a unilateral contract (Carlill v Carbolic Smoke Ball, the modern example is Bowerman v Association of British Travel Agents). Intention to be bound is to be accessed objectively:if a man makes such an offer to an offeree that a reasonable third party would believe that a valid offer has been made and with that believe the offeree

In this situation, Cory is offering his computer as part of a unilateral contract. The “first come, first served” basis is a condition of the offer and Cory has prescribed a certain mode of acceptance through email or fax. It has been debated whether email and fax acceptance can be considered as instantaneous communication, or whether the postal rule of acceptance can apply to these methods. As a result of this, different approaches can be taken to decide whether it was Dan or Eve who had completed

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

A valid contract consists of all essential components which present and the court will enforce as a legally binding promise . One of the elements contract to create a contract is agreement which included an offer and acceptance. “Acceptance is a final and unqualified assent to the terms of the offer, made in the manner specified or indicated by the offeror” . Acceptance may be express orally, in writing, occasionally, or even by implied from the offeree’s conduct. In communication of acceptance,

“Paisley, We have a little over a minute. When I give you the signal, neutralize the area quickly. I don’t care if I’m not able to use my manifestation. Whatever’s coming at us, it’s coming fast and it’s powerful.” “If it’s that powerful, don’t you think you should use your manifestation? My Manifestation is for supporting. Pulse form will leave you unable to use your manifestation for ten minutes unless I cancel the effects early.” “My hand to hand combat is something I’m known for.” Sabra

1. Contact Law Carlill v Carbolic case is considered as a landmark case in the history of contract law. But what is known as a contract? A contract is considered as an agreement which legally binds two or more parties, or an agreement which is backed legally. The basic idea of contract law is that the parties have come to an agreement by which they are bound legally. There are certain essential elements that should be fulfilled to form a contract. Those are, • Offer • Acceptance • Intention to

After I viewed and heard that judge decision on this case, my position is in favor of the defendant. The formation of a contract is achieved where there is an offer and acceptance between the contracting parties. An acceptance is sometimes referred to as “meeting of the minds” that involves the exchange of consideration, either a promise to act, provide goods, services or money. Relative to this case, a valid offer was made by a plaintiff. For an offer to be valid, there should be a manifestation

Various elements must be present to prove that a valid contract exists between Sam and the chain store. A contract is a written or verbal agreement that usually involves employment, sales, and tenancy that can be upheld by the law. Contracts are more than just fulfilling a promise between parties. There are four elements to a contract. The four elements to a contract are agreement, consideration, contractual capacity, and legal object. The first element of agreement would be deemed to exist if the

1. What is a deductible? How does a deductible affect insurance? A deductible is the amount of money that the policy holder will pay before the insurance company will pay on an insured loss 2. What is risk classification? Grouping of different risks according to their estimated cost or likely impact, likelihood of occurrence, countermeasures required, etc. Credit risk, or example, is classified according to the likelihood of the collection of accounts receivable 4. What are five elements commonly