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1a) This assignment is based on Homewares Ltd whose director is Peter. I will be looking at the

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1a) This assignment is based on Homewares Ltd whose director is Peter. I will be looking at the legal obligations peter has to oblige to as the director of the company. Also I will be advising where they stand legally now the company is facing liquidation. Lastly I will advise Peter on what business type would be most suited to him and the new company he wants to open. Tracey and Tina are also directors of the company so I will be discussing what their roles should contain of as directors To make sure the company is following its constitution and making sure that they are acting within their power. Duty to not benefit from a third party based on the being directors of the company or for just doing something or not doing something. …show more content…

So now Adam can accept bens offer The postal rule states that when letter is stamped and put it the post box it is seen as being accepted straightaway. The postal rule - Adams v Lindsell [1818] so as Adam as seen it and is willing to accept, the postal rule is way to make or receive an offer by meaning When the sale for the car was advertised it did not a postal offer would be allowed but it does state that the offer stands for one day only. So again this puts Peter before Ben because he has the contract but seeing as he wants to pull out Adam can accept Bens offer. There was also a similar case with Adams v Lindsell as a court had decided that the contract was in place as soon as the letter was sent so they cannot be sued with breathing the contract. Therefore it wasn’t stated on the advertisement that a reply can be made by post. Unilateral contract- this is where the offer is accepted by the offered party by keeping their side of the bargain a previous case for this was is the carbolic smoke study – Carlill v Carbolic Small Ball Company. Carlill v Carbolic Small Ball Company (1893)-The court appeal made by carlill was held as she had accepted the offer and performed all the conditions which were stated on the offer so therefore she was entitled to the reward due to the unilateral contract. Bilateral-when both parties have

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