Financial Statements Accuracy

Question 1 This case requires an understanding of the law regarding tolerate and sufferance in name of Law of Contract. It is pertinent to imply here that the Law of Contract applicable in India is found on the Common Law of England basically and the same principles be applicable in this country as well. Before render some(prenominal) legal advice to Anne, it is incumbent to discuss the provisions pertaining to state and word meaning along with case laws on the subject, so that an effective and wearing apparel advice can be given to Anne. An bid has been defined as, An strain is a promise, or other expression of willingness, by the offeror to be bound on certain specified terms upon the unqualified bridal of these terms by the person to whom the offer is do (the offeree).[1] In this case, the first thing that needs to be analysed is whether Anne make a valid offer. A perusal of the facts reveals that on Tuesday, Jay received Annes offer and the facts also reveal that Anne had made a clear offer asking Jay to convey his acceptation by Friday whether he was willing to purchase the car or not. So it can be stated that the first rate for conclusion of contract has been made success spaciousy by Anne.

The secondly thing that needs to be ascertained as to whether meshing was made by Jay or not and to understand that proper it is necessary to understand what is acceptance of an offer and when does it become irrevocable. An acceptance to offer has been defined as An offer is accepted by the unconditional and unqualified accept to its terms by the offeree. This accept may be expressed t hrough words or conduct, but cannot be infer! red from mere silence save in very excommunicational circumstances As a chronic rule, acceptance must be communicated to the offeror, although a limited exception exists where the acceptance is sent by post and this method of communication is either expressly or impliedly authorised. This exception, known as the postal acceptance rule, stipulates...If you want to get a bounteous essay, order it on our website: BestEssayCheap.com

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