An agreement arises from offer and acceptance

An agreement arises from offer and acceptance Disclaimer: This work has been submitted by a student. This is not an example of the work produced by our Law Essay Writing Service . You can view samples of our professional work here . An agreement arises from offer and acceptance PART B ‘A contract is based on agreement, which arises from offer and acceptance. One person makes an offer; another person accepts that offer. When that has happened, and provided that the other necessary factors, consideration and intention to contract, are present there is a contract. , A contract is an agreement supported by consideration made between two or more individuals with the intent to create legal relations and is not illegal or unenforceable under the law. An agreement is the net result of mutual promises. An agreement is said to come into existence when an offer made by the offeror is accepted by the offeree. Offer The offer may be made to one person, or to a group of persons, or to the public at large; it may be made expressly or by conduct. An offer is an expression of willingness to contract on specified terms , made with the intention that it is to become binding as soon as it is accepted by the person to whom it is addressed pg 8 g.h treitel Essential elements to an offer: The offeror must objectively intend to be bound with to further negotiation, by a simple acceptance of his terms.thus ther is no offer where the owner of a house, in response to an enquiry from a person who wishes to buy it, states the prices at which he might be prepared to sell. The terms of the offer must be definite or reasonably certain. The offer must be communicated to the offeree. Offer distinguished from invitation of treat. It is necessary to distinguish an offer from an invitation to treat . the importance of the distinguish is that, if an offer is made and accepted , the offeror is bound ; on the other hand , if what the offeror said or did does not amount to an offer, the other person cannot create a contract by accepting it. The process leading to an agreement may be long. It may consist of requests for information, statements made to encourage interest and the like . when the negotiations have reached the point where one the parties has made it clear that he is willing to contract on specific terms that need no futher elaboration or clarification , and all that is required is acceptance by the other party , at the stage it can be said that an offer has been made . in Gibson v MANCHESTER CITY COUNCIL (1979). HL) Acceptance Assuming that an offer has been made, a contract comes into existence when the offer is accepted. To accept an offer, the offeree must indicate his assent to the terms of the offer. He may do this either expressly (by words of acceptance) or by conduct. An ‘acknowledgement’ of an offer does not amount to an acceptance if it amounts merely to a confirmation that the offer has been received ; but it can amount to an acceptance if by its terms or in a particular context (e.g. in website trading ) it means that the person making it has agreed to the terms of the offer. Pg 10 paper

Marketting Analysis of Usitrip Travel Company Essay

Marketting Analysis of Usitrip Travel Company - Essay Example a procuratorate official website to verify), has been always get the federal business bureau (BBB) certification for grade A highest reputation ratings. 1) Tourism is a growing industry (4% annually). The United States tourism market is large and the U.S. visa is one year multiple entry visa, as long as the period of validity of the visa, tourists can visit the United States for many times, it also makes the United States tourism demand to be strong. The companys target customers are high-income earners (min. $75,000 for a single person), health-conscious individuals interested in popular overseas tour. These are lawyers, bankers, executives, doctors and business owners. The major purchasers are located in urban areas within major China cities. There is fast development in the business sector and expanding interest. Additionally, more specialty markets are developing. At first, it will be hard to rival experienced suppliers, particularly the business pioneers. However, target market is an exploitable niche, and our service is differentiated. Target market individuals will have comparative activity premiums, more disposable income and less effect on cost. We will provide luxurious service with prestige value. Our prices will be out of reach for the majority of overseas travelers. Administration will be valued based upon luxury contender costs and the quality included of our advertising. Suppliers that offer offering luxury services like our own do as such at costs like not ours. We are intensely evaluated in the luxury market. Since we engage luxury and hence a littler business, volume will be restricted. Notwithstanding, we will have the capacity to accrue a higher profit margin. Abroad visit has been working for a while now. The treks have been generally welcomed, and advertising is presently critical to its proceeded with achievement and future benefit. The fundamental business need is hard adventure trips for the affluent customer. This target market

Review of Litterature on Finance and Potential Areas of Development Literature

Of Litterature on Finance and Potential Areas of Development for Further Reseaarch - Literature review Example Thus the concept of finance includes several underlying theories and understanding that make the system applicable towards the achievement of the financial goals and objectives of the business organizations or the world as a whole. The present study focuses on a literature review thereby discussing on the studies of several researchers on the topic of finance and would try to determine the potential areas of development for further research. Literature Review on Finance: The following literature review has been based on the studies conducted by several researchers as obtained from journals and different articles. These literatures have been particularly focused on the severe issue of economic and financial crisis that is capable of impacting the entire world through the phase of recession. The studies have been based on the issues of the theories discussed by the researchers and no quantitative analyses have been involved. The study has been narrowed down in the sense that irrelevant materials have not been included in the review. Since the length of the paper has been limited, hence number of sources has been considered accordingly. However the researches have been analyzed critically determining their objectives, and the strengths and weaknesses of the studies. In terms of the purpose of the study, only those researches have been included that are appropriate and relevant to the financial literatures and readers would be able to relate to the issues relevantly. A study conducted by Christian Marazzi reflects an understanding of the financial crisis and the nature of the problems considering the transformation that have been taking place over the years. Marazzi is an Italian economist who conducted an analysis of the global crisis that he considered as a new type of crisis that involved neo-liberal financial capitalism. He focused on the problems related to finance that have been mounting up over the years. Concentrating on the recent global economic crisis, h e stressed on the level of unemployment and difficulties that the world was supposed to be encountered with. He mentioned that the financial deficits were leading to insolvency crisis hampering the banking system as a whole. In this regard he criticized the easy solutions considered by reformists. (Bria, 2009, pp.388-394). Marazzi’s study can be considered to be focused and relevant to the issues and impacts of financial crisis. He has tried to related theoretical aspects with the prevailing financial status across the world. However it can also be said that the study could be tried to be more specific in determining the measures that might effectively resolve problems associated with financial crises. Similar to Marazzi’s the study conducted by Barsky and DeLong lacked the wide ranging aspects and approach to specific measures in the context of financial crises and their impacts. Barsky and DeLong in their studies discussed about the fluctuations of the stock markets. According to them, fluctuations in the stock market are reflected by the asset pricing model that considers the present-value concept in the context of the efficient markets. The fluctuations that have been visible in the US financial markets over the years have been obtained to be in consistence with