Business Law - the law of contract Case Study Example | Topics and Well Written Essays - 1500 words

Business Law - the law of contract - Case Study Example The prospective buyer, by offering that price is himself the offeror and his offer, if accepted, create a binding contract. 1 For this case, James just noticed a gold watch with a price tag of 25 hence it neither does nor compels the store person to sell the gold watch at that particular price. The price tag with the gold watch was just inviting others to make an offer of their own on how much they are to buy the watch. A binding contract would have been created when the store person (Elizabeth) would have accepted the offer made by James since the price with the gold watch was just inviting customers to make their offer. Normally, invitation to a treat is used to request expression of interest from the customers. For this case, any product with a price tag does not compel the store person to sell his product at that price but requests, an expression of interest from the customer to make their offer and binding contract of sale would occur when he agrees to sell at that price. 2 Invitation to treat must be distinguished from an offer. This is because, invitation to a treat invites for people with to make on an offer whereas, in a offer, the offeror make in an offer and just wait for people to accept that offer. In order for a coIn order for a contract to be enforceable, it must fulfill certain basic requirements. There must be an agreement based upon genuine consent of the parties, supported by a consideration and made for a lawful object between competent parties. A relevant case studied in the issue of invitation to treat is that of: Pharmaceutical Society of Britain v. Boots Chemists of 1953 Goods were sold in Boots Chemist shop under the self-service system. Customers selected their purchases from the shelves, put them into baskets supplied by Boots Chemists and took them to the cash desk where they paid the price. It was held that the customer made the offer when he presented them at the cash desk, and not when he removed them from the shelves.3 The price tag with the gold watch was merely inviting James to make his offer on the price he would like to buy the gold watch at and does not compel him to sell at that price. For this case, a contract would have been made when James collects the watch from the shelves and place it on the counter if Elizabeth agrees to sell it at that price. But since the 25 price with the gold watch was merely inviting customers to make an offer but not sell it at that price. By taking the money from James, it would mean that Elizabeth had agreed to sell the gold watch at that price. For this case, it would be immaterial for James to state that he has a right to purchase a gold watch at 25 as indicated on the price tag. He would not succeed in any court of law for him to be sold the gold watch at 25. Another case studied on invitation to treat was that of:- Fisher v. Bell of 1961 On this case, Bell a shopkeeper, displayed a flick knife priced at four shilling in his shop window. He was charged with offering for sale an offensive weapon contrary to the restriction of offensive weapon act. It was held that a mere display of the goods in a shop window is not by itself an offer for sale. Bell was not bound to sell the knife to any one entering his shop and offering to him four shillings. 4 A mere display of a gold watch at 25

Advantages and Disadvantages of Various Communication Methods Research Paper

Advantages and Disadvantages of Various Communication Methods - Research Paper Example In a meeting, the manager or the supervisor gets the opportunity to communicate with the employees who also have the chance to discuss the issue. However, meetings are time consuming since they take much time as the ideas contributed are analyzed and a specific one settled upon. This provides one of the best ways of reducing company expenses through reduced travel expenses (Gilmore, 2012). However, this method may be challenging for the company at first because it takes significant resources to set up. If an employee is repetitively behaving in a way that is against the organization’s culture, then as the manager, I would use face to face communication since immediate reply from the specific employee is essential. In addition, as the manager, I would have to show the employee that the continuous irresponsibility would not be tolerated in the organization. Therefore, it would make a greater impact if I would address them directly. If I want to ensure that the employees are well aware of an existing company event, it would be effective if I would pass this information during the meetings. This is because all employees attend these meetings. In addition, this eliminates the expenses that would be incurred if other methods such as telephone were used. If one of my clients were considering signing up with a competitor, I would telephone call to deal with the case. This is because such issues are critical because they could expose the company’s competitive advantage compromising its ability to remain competitive in the market. Therefore, I would call the customer and request for a reason behind the change of mind so that I could help in improving the company and possibly retain the client. On the other hand, if I had several bids on a piece of equipment and needed a management decision on its purchase, I would result to using video conferencing to deal with the current case.