Wednesday, May 6, 2020
Business Law - 1635 Words
University of Macau BBEL 230 ââ¬âBusiness Law I Macau, 28 March 2010 MID-TERM EXAM (Part I) |Write your full identification, Western name and section. | |Only the legislation, without any forbidden notes, can be used. | |Dictionaries are allowed. | |Do not repeat the facts of the cases in your answer: analyze them. | |Do not rewrite entire articles of the law in your answer: just referâ⬠¦show more contentâ⬠¦The offer arrives at March 17th by email. The offer has to stay open for five days, which is until March 21st (17, 18, 19, 20, 21), plus the normal time to send a letter with the acceptance (1 day). Mr. Lee has to keep his offer open till March 22nd. Since the letter will arrive on March 23rd the offer has indeed lapsed. Concerning the second question, the answer remains the same: only the time needed to send the acceptance is shortened, but not the five day period in which Ms. Ng has to decide. Since she decides after the time period of five days, her acceptance will always be too late. b) Ms. Ng decides to immediately order the tea. Mr. Lee however has discovered that he made an error in the list: instead of price per kilogram the offer should have read price per pound. He calls Ms. Ng, but she replies that she has already received the offer and that it cannot be changed. Is that true? Ms. Ng is right. An offer may be revoked, but the revocation has to arrive before or at the same time of the offer (Article 222 Civil Code). Since the list with the teas has already arrived, it is too late to revoke the offer. c) Ms. Ng sends the list of teas she has selected to Mr. Lee by courier. One hour later she discovers in a newspaper that a nearby tea shop closes down and sells all its teas at a major discount. Ms. Ng phones Mr. Lee that she has changed herShow MoreRelatedBusiness Law And Ethics : Backoffice Business Brief1862 Words à |à 8 Pages Running head: BACKOFFICE BUSINESS BRIEF 1 Business Law and Ethics BackOffice Business Brief Patten University BACKOFFICE BUSINESS BRIEF 2 Constitutional Rights and Guarantees BackOffice is a new startup business that will provide potential clients with an application (app) that woul d automate certain business functions. BackOffice will be selling the app to certain business clients that will use it to facilitate their customersââ¬â¢ transactions. It is important that the owner of this companyRead MoreLegal Underpinnings of Business Law Essay609 Words à |à 3 PagesLegal Underpinnings of Business Law OMM 670: Legal Environment February 25, 2013 Legal Underpinnings of Business Law Business | Type of Business | Liability Exposure | Compare | Contrast | Tinkerââ¬â¢s Home Security Service | Sole proprietorship | Unlimited | Monetary rewards are from both the Proprietor amp; business | Sole Liability | Tinker amp; Tailorââ¬â¢s Home Security Service | General partnership | Unlimited | All partners are responsible whether silent or active | If you areRead MoreLaw 531 Business Forms Worksheet1386 Words à |à 6 Pagesï » ¿University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation. 1. 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The issue of this case will be whether James can hold Happy Holiday Hotel responsible for the loss of his property notwithstanding the exemption clause found in the hotel rooms. Under the Exemption Clauses in Common Law, it states that in order for this clause to be valid, the clause must be included in the contract when the contract is made. If there is any attempt to include it in after theRead MoreBusiness Law1088 Words à |à 5 Pagesconditional constitute consideration? Yes, such a promise consideration even if the condition is unlikely to occur. 3. What is the general rule about the adequacy of consideration? The adequacy of the consideration is irrelevant because the law does not prohibit bargains. 5. Is there consideration when a secured note for a lesser amount is given and accepted in discharge of an unsecured note for a greater amount? Explain. No, because if a secured not for a lesser amount is given andRead MoreBusiness Law2474 Words à |à 10 Pagesnature of liability in negligence amp; (3.3) Explain how a business can be vicariously liable 4 (4.1) Apply the elements of the tort of negligence and defences in the above different business situations for the legal officer who is assigned to VJSC amp; (4.2) Apply the elements of vicarious liability in above different business situations for the legal officer who is assigned to VJSC 8 Conclusion 11 References 12 Introduction Law plays important roles to protect benefits, obligations and
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