BUSINESS LAW
17th Edition
ISBN: 9780357007594
Author: Mann
Publisher: Cengage Learning
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Question
Chapter 10, Problem 1CO
Summary Introduction
To discuss: Three essentials for an offer and the requirements associated with each.
Expert Solution & Answer
Explanation of Solution
Usually an offer is an indication of willingness by parties to enter into a contract. The three essentials of an offer are as follows,
- Communication: Under this, the offeree must be informed about the offer to accept it. The offer must be explicitly conveyed to the offeree and the offer should be properly authorized by offeror.
- Intent: An offer must demonstrate intent to enter into a contract if it is to have legal effect. The words need not be completely precise but only the intention to contract is clear. Invitation to offer, advertisements and auctions doesn’t be considered as intentional offers.
- Definiteness: Although a statement intended to be a common law offer does not need to cover all possibilities, it must be sufficiently clear on the key terms such as nature of the contract, quantity, price, payment terms, quality and length of the time (duration).
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# Your company, located in the Middle East, is currently engaged in the garment business and is
considering expanding into the African subcontinent by setting up a new line of business of soft
toys. As a strategy consultant, you are responsible for advising the company on the advantages
of such an action (e.g. greenfield projects as diversifications that are unrelated to the business).
The data provided in your study should be supported by theoretical underpinnings regarding
diversification through Greenfield projects in the current economic environment.
It is assumed that the figures presented above for 2015 will remain true in 2024.
(Note: Theoretical underpinnings related to diversification must be a part of your answer)
(Note 1: Businesses are said to be unrelated when their value chains are so dissimilar that no
competitively valuable cross- business relationships exist.
Note: 2 You must bring in contexts of FDI funding in other African countries vis-à-vis South Africa and…
Extensive knowledge and understanding theoretical background data interpretation/ analysis.
Demonstrating an in depth understanding of different facets of diversification.
Evaluate the same in the context of the case study showing critical thinking.
Chapter 10 Solutions
BUSINESS LAW
Ch. 10 - Prob. 1COCh. 10 - Prob. 2COCh. 10 - Prob. 3COCh. 10 - Prob. 4COCh. 10 - Prob. 5COCh. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5Q
Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10QCh. 10 - Prob. 11QCh. 10 - Prob. 12QCh. 10 - Prob. 13QCh. 10 - Prob. 14CPCh. 10 - Prob. 15CPCh. 10 - Prob. 16CPCh. 10 - Prob. 17CPCh. 10 - Prob. 18CPCh. 10 - Prob. 19CPCh. 10 - Prob. 20CPCh. 10 - Prob. 21CPCh. 10 - Prob. 22CPCh. 10 - Prob. 23CPCh. 10 - Prob. 1TSCh. 10 - Prob. 2TSCh. 10 - Prob. 3TS
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