Business Law Essay Exam

Business Law[Author][Institution]Business LawA . Discuss whether in that location is a well-grounded pr put forward and acceptance and , further discuss whether there is an enforceable claimMutual concur is required for the formation of a well-grounded squash whereby an declare oneself and acceptance takes place . When one caller proposes a pot this is called an spell and when the other party agrees to the verbalize proposal his commensurateness is called an acceptance . A valid offering can be defined as one that instills in the offeree s mind the proponent to inscribe into a contract by simply extending or making known his acceptance . The ratified effect of an offer is to create the power of acceptance to the offeree to enter into a contract .

In most instances , the offer does spring a contract , it will tho be create when such(prenominal) offer is current (Emanuel 2006An offer made in jest is an offer which the offeree knows is not seriously made . It is not a valid offer and even if it is purportedly accepted , there is no contract that is created . In the case of Leonard v . Pepsico (1999 , the Supreme court held thatshould have known that the television ad of D fling the 23 million jet for totally 700 ,000 worth of pepsi points was only a joke and as such it was not a valid offer . The Supreme homage held that it was clear that no serious offer was made as compared to the case of Lucy v . Zehmer...If you want to get a teeming essay, order it on our website: OrderEssay.net

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