Business Law

Contract is an accordance between two or to a greater extent parties which is enforceable at law. According to the traditional approach, the domain of agreement which includes straits and acceptance, consideration and the intention to raise legal traffic are essential to bring a contract into existence and valid. Offer is a definite augur or pr state of marriage that made by pop the questioner with serious intention of creation bound by much(prenominal) promise or proposal once it is accepted by the strainee.[1] This means that press is non-negotiable. bandage invitation to treat is different from offer as it is non in definite ground[2] and it invite offers from other parties which terms are negotiable. adoption means that the offeree accepts all the terms offered by the offeror and is effectual when it is communicated with the offeror.[3] In the following part, the discussion would taste whether there is valid contract between Alex and Charles and besides the unity between Alex and Betty by the essentials mentioned above. Charles then made an offer to Alex that he could only profits HK$30 Million for Alexs flat by trading Alex. However, Alex rejected his offer and made a counter offer to Charles that he would accept to allot the apartment with the amount non less than HK$32.8.

Alex has made counter offer as we circumscribe that once the original offeree rejected the offer he accepted and make suggestions.[5] This destroyed the original offer made by Charles to Alex. Then, Alex became the offeror. Alex told Charles that he wont sell the apartment earlier 11th Septemb er 2011. At this moment, Charles did not mak! e whatsoever acceptance to Alex with the counter offer. Thus, there was no contract between them. On 10th September 2011, Charles indomitable to take Alexs offer and send the acceptance to Alex by ranging him, but Alex was not available on phone. So, Charles left him a voice means to tell Alex that he accepted Alexs offer and hold to pay HK$32.8 Million for Alexs apartment. later on that, he also sent Alex...If you want to get a full essay, localise it on our website: OrderCustomPaper.com

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