ASSIGNMENT

Assignment

Assignment

Question.1. Offer, Termination and acceptance

A contract is formed by offer and acceptance. That raises the question of what exactly an offer, and what an acceptance. And how relate these terms with terms such as order, order confirmation and order, in the procurement usual? For example, an order is an offer or an immediate acceptance?

Offer

An offer is a verbal or written directive or proposal to create an agreement. The advance directive is a legal act: an act of wanted effect. For a valid offer, I must be communicated. Other provisions of any agreement, the additional rights and obligations, such as the place of delivery of the goods, the method of packaging, of transportation and payment need not be included in the offer. If the parties not expressly regulated, the relevant rights and obligations under the additional sources of law: the law, case law, habit and the reasonableness and fairness.

The offer may be made ??both in writing and orally. A catalog is an offer if it meets the condition that meets the core agreements which are listed. An offer that has reached the addressee, is binding on the supplier. The buyer whom an offer has received, the provider can keep them. Or the provider offer may change, depending on the type of offer that he has made.

Acceptance

Acceptance is said to be the second part of the contract. Acceptance means that when the offer is made, it is accepted by the person whom offer is made. Acceptance has to be communicated in order to get validity. Communication of acceptance can be done orally or can also be given in written form. Acceptance has to be made timely.

Termination

Termination of an offer can occur due to following reasons:

Lapse of time, Counter offer, Failure of condition, Rejection, Destruction or Death of offeree. An offer can only be terminated before the offeree accepts the offer. Termination can take place with an act of either party act of operation of law.

Question.3. Sales of Goods Contracts

In sale of goods contract one party agrees to give one thing and the other to pay in cash. It is a sell and buy contract. Amount of money the buyer pays for the good is called the price. This contract has highest importance as it is the legal and ethical way for ownership transference and also one of the main forms of wealth acquisition. Moreover, the sale is the primary means of ...