1- Ali is the owner of a shop. He places a notice on the window advertising the sale of batteries at half price. What kind of notice? –2- Rose & Frank Company was appointed as selling agents in North America by Crompton Brothers by an agreement. One of the clauses in the agreement provided” this agreement is not entered into a formal or legal agreement and shall not be subject to legal jurisdiction in the law courts”. –3- Company Y offers to sell to Company Z “100 tons of oil”. What kind of offer is this? Provide: 1- What kind of contract 2- Legal or not 3- implied or Express or Quasi 4- Unilateral or Bilateral 5- Reflection and comments
1- Ali is the owner of a shop. He places a notice on the window advertising the sale of batteries at half price. What kind of notice? –2- Rose & Frank Company was appointed as selling agents in North America by Crompton Brothers by an agreement. One of the clauses in the agreement provided” this agreement is not entered into a formal or legal agreement and shall not be subject to legal jurisdiction in the law courts”. –3- Company Y offers to sell to Company Z “100 tons of oil”. What kind of offer is this? Provide: 1- What kind of contract 2- Legal or not 3- implied or Express or Quasi 4- Unilateral or Bilateral 5- Reflection and comments
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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–1- Ali is the owner of a shop. He places a notice on the window advertising the sale of batteries at half price. What kind of notice?
–2- Rose & Frank Company was appointed as selling agents in North America by Crompton Brothers by an agreement. One of the clauses in the agreement provided” this agreement is not entered into a formal or legal agreement and shall not be subject to legal jurisdiction in the law courts”.
–3- Company Y offers to sell to Company Z “100 tons of oil”. What kind of offer is this?
Provide:
1- What kind of contract
2- Legal or not
3- implied or Express or Quasi
4- Unilateral or Bilateral
5- Reflection and comments
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