Business Structures
The simplest form of business structure, often owned by one person
What is Sole Trader?
The two key parts that make up an agreement in contract law
What are offer and acceptance?
Presumed not to be legally binding
What is the Social Contract ?
Companies decide to come together
What is a merger?
The term for changing an offer before it is accepted?
What is a counter-offer?
This case involved a husband promising to pay his wife while he worked abroad
What is Balfour v Balfour ?
One of the methods to terminate an offer?
What is revocation?
Intention is presumed with few exceptions
What is commercial agreements?
This statute governs Partnerships
What is the Partnership Act of 1890?
The major acceptance to acceptance criteria
What is Postal Acceptance Rule?
One way to rebut non intention
What are legal agreements?
One major difference between a company and a sole proprietorship.
What is separate legal personality?
The opposite of an offer
What is Invitation to Treat?
Case where wife was successful in her claim
What is Merritt?