Qualified acceptance - this is an acceptance where express terms will vary in the effect of the bill being drawn In the law of sale, acceptance of goods does not occur until the buyer has had a limited right to examine the goods. This allows the buyer time to make sure that the goods ...
A business contract is a legally binding agreement between two or more parties that governs any transaction made in a business environment. Typically, these business contracts will be drafted by either the buyer or the seller, and they will describe the specific terms of an agreement, such as...
Definition of an Offer in Contract Law An offer requires an express present intent to be legally bound to a contract, specific terms, and communication to an identifiable offeree. An offer can be spoken, written, or presented as a sign. However, for an offer to be valid, it must be sp...
OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT...
Daniel Kretschmeer has been writing for 14 years. He has authored 6 “how to” books, one novel, three children’s books, and over two hundred short stories. He’s written product descriptions that have sold over a million units. He specializes in writing on topics such as business, entre...
I accept the terms of the contract, except the indemnity clause. Except for the shrimp, they accepted all the hors d’oeuvres offered at the reception. Everyone accepts the decision, everyone except Brian. The pool is empty except for Marcy, who accepts a towel when she climbs out. Accept...
OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT...
Imposed by law through a judge, a quasi-contract agreement occurs when there has been no official, or express, contract but there have been goods or services rendered. This can happen where there was an implied contract in place or where there wasn't one. A quasi-contract definition is: ...
We can express opportunity cost in terms of a return (or profit) on investment by using the following mathematical formula: Opportunity Cost=RMPIC−RICPwhere:RMPIC=Return on most profitable investment choiceRICP=Return on investment chosen to pursueOpportunity Cost=RMPIC−RICPwhere:RMPIC=R...
Auto dealers tend to advertise express warranty terms for repairs on the vehicles they sell. This can include stipulations on mileage and length of ownership that limit the extent of that coverage. After the vehicle is owned for a certain amount of time or driven beyond the mileage limit, the...