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    Our Ref: 23 April 2014 Accounting Practice Address: PENRITH 2751 NSW BY Email accountingpractice@hotmail.com Acceptance in Contract Law: The case of Postal Acceptance Rule and Conditional Acceptance. Dear Accounting Practice Department, This Letter of Advice is pursuant to your request and enquiry about Acceptance under the Contract Law in Australia, in particular the Postal Acceptance Rule and Conditional Acceptance, related to the operation and management in practice of our organization

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    six important elements required. This includes offer, acceptance, consideration, intention to be legally bound, capacity to contract, as well as legality of promises. A contract involves valuable consideration where sacrifice or contribution of valued items. Parties who is under 18 has no

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    firms offer premia for their own shares mainly in order to signal positive information, and that the market uses the

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    Conrail Case Study

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    potential weakness could result in a concern about the management synergies of the deal. Following the merger announcement of $8.3bn of CSX-Conrail in 1996, the third largest railroad company in the Eastern region, Norfolk proposed a hostile offer of $9.1bn for Conrail. The concerns of a potential

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    The Law Of Contract Essay

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    contract has two basic elements – an offer and an acceptance of that offer. This can be expressed in a simple formula as: Offer + Acceptance = Contract Cast Study 4 “Louise is walking down

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    for a legally binding contract are offer and its acceptance . When one person expresses an offer on outlined terms to contract and the offeree indicates that they have agreed to the set terms, the contract becomes legally binding. There is usually no room for negotiations after a contract has been made. Therefore, an offer that is valid must be in existence. There are requirements for existence of such a valid offer. This essay assesses the requirements. For an offer to be valid, contracting parties

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    formation. Was there an offer and a relevant acceptance of that offer? To begin with, it needs to be determined whether there was an offer. Ben bought the bus through the ‘garthdon-jumbles.eu’ website and despite a price being displayed the initial advert was an invitation to treat. An invitation to treat is “when the person who made the invitation to treat is not obligated to accept the offer in the absence of a promise to do so” . The invitation to treat was only then made into an offer when Colin sent

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    weather. The plaintiffs contended that the contract should be binding on both parties at the exact moment of posting whilst the defendants argued that not until the offer was received as confirmed did the contract bind the parties concerned, in conjunction with a revocation of offer indicated by resale of goods before receipt of offer. The court eventually

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    According the scenario, this problem is concerned about distinguishing between the offer and an invitation to treat. The answer need to be consider When a valid offer is made and whether there is an agreement between Necola and Janet by accepting the offer. The main rule is that the acceptance must be communicated to the offeror. Until and unless the acceptance is communicated, no contract comes into existence. Here Janet 's advertisement for selling the car price £3200 was an invitation to treat

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    0 Offer An offer is a representation of willingness to contract on certain terms. Offer must be made with an intention and it will become binding upon acceptance. Some offers anticipate not another promise being returned in exchange, however, the performance of an act or forbearance from taking action. The person is making an offer is called the offeror, and the person to whom the offer is made. It called offeree. A communication will be treated as the offer if it stimuli the terms on which the offeror

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