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Essay

taxation

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Issue:

Business

 

Written by:

Joseph R

 

Date added:

November 30, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1340

 

Was viewed:

3786 times

 

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Essay content:

A contract is any promise or set of promises made by one party to another for the breach of which the law provides a remedy. The promise or promises may be expressing (either written or oral) or may be implied from circumstances. For the contract to be formed the following must be present within the agreement; intention to create a legal association, offer and acceptance and consideration...
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In contract law, an invitation to treat is an action by one party which may appear to be a contractual offer but which is actually inviting others to make an offer of their own. The distinction is important because if a legitimate contractual offer is accepted by another, a binding contract is immediately formed and the terms of the original offer cannot be further negotiated without both parties consent...
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