When it comes to exam period... There's nothing I can not do to avoid from doing revision...
Made this small clip called Domestic Geographic!
My brother was head-counting (or rather tail-counting) the fish the other day, and he found one missing. Not a single bone left. So he tail-count the fish more frequent, and this is what we saw...
Law of Contract: Acceptance: Counter-Offer: Hyde V. Wrench
Law of Contract, Counter Offer, Hyde V. Wrench: : After revising today, I found out what I've explained to some of you all is kind of misleading. Sorry about that. Haha.
From the textbook:
The defendant offered to sell his estate to the plaintiff on 6 June for £1000. On 8 June, in reply, the plaintiff made a counter-proposal to purchase at £950. When the defendant refused to accept this offer on 27 June, the plaintiff wrote again that he was prepared to pay the original sum demanded.
The court held: No contract existed between them. The plaintiff had rejected the original proposal on 8 June so that he was no longer capable of accepting it later.
Reasoning:
On what basis does Hyde sued Wrench for?
Breach of contract.
The general principal here is that when counter-offer occurs, naturally the original offer will be destroyed.
So Hyde can't sue Wrench for breach of contract, as the original offer has been turned down by Hyde at the first place. Means there is no contract anymore between the both parties, or in other words, the contract has been invalidated. Thus, the court held that no contract existed between them.
Law of Contract, Counter Offer, Hyde V. Wrench!
Does this clear the air a little?!
Here's what I think is so so so freaking true =]
From the textbook:
The defendant offered to sell his estate to the plaintiff on 6 June for £1000. On 8 June, in reply, the plaintiff made a counter-proposal to purchase at £950. When the defendant refused to accept this offer on 27 June, the plaintiff wrote again that he was prepared to pay the original sum demanded.
The court held: No contract existed between them. The plaintiff had rejected the original proposal on 8 June so that he was no longer capable of accepting it later.
Reasoning:
On what basis does Hyde sued Wrench for?
Breach of contract.
The general principal here is that when counter-offer occurs, naturally the original offer will be destroyed.
So Hyde can't sue Wrench for breach of contract, as the original offer has been turned down by Hyde at the first place. Means there is no contract anymore between the both parties, or in other words, the contract has been invalidated. Thus, the court held that no contract existed between them.
===
Thanks for reading my explanation on Law of Contract, Counter Offer, Hyde V. Wrench!
Does this clear the air a little?!
Here's what I think is so so so freaking true =]
1,000, 000 Dollar Bill
1,000, 000 Dollar Bill!!! What would you do with it?!?!
Attended National Achievers Congress 2010 few days back.
The second speaker Robert G. Allen actually gave out money to the participants. Yeah!!! Money!
He gave it out while emphasizing on the golden quote: When Opportunity comes, We must take ACTION!!!
Guess how much he gave out?
Like what it is written at the title of this post, 1,000, 000 Dollar Bill, a stack of it! The whole crowd went berserk. People ran towards the stage to grab the bill. Imagine how much is a Million USD in MYR...
Let's do some math:
Current Conversion- 1 USD = 3.184 MYR
So,
1,000, 000 USD = 3, 184,000 MYR
What happens when you get it? You're definitely in the Millionaire's Club!
But here's the catch, there is no a Million Dollar note! In other words, 1,000, 000 USD is and never was printed! Back to the point of him emphasizing on the quote mentioned above.... Totally senseless isn't it?! Does it mean that, when "crappy" opportunity comes, just take action anyway?!
Hmmm... What you guys think?
Anyway, just for your knowledge, the biggest bill printed is 100,000 Dollar Bill, and this is just a Gold Certificate.
For more information, check out this site on USD Bills.
Attended National Achievers Congress 2010 few days back.
The second speaker Robert G. Allen actually gave out money to the participants. Yeah!!! Money!
He gave it out while emphasizing on the golden quote: When Opportunity comes, We must take ACTION!!!
Guess how much he gave out?
Like what it is written at the title of this post, 1,000, 000 Dollar Bill, a stack of it! The whole crowd went berserk. People ran towards the stage to grab the bill. Imagine how much is a Million USD in MYR...
Let's do some math:
Current Conversion- 1 USD = 3.184 MYR
So,
1,000, 000 USD = 3, 184,000 MYR
What happens when you get it? You're definitely in the Millionaire's Club!
But here's the catch, there is no a Million Dollar note! In other words, 1,000, 000 USD is and never was printed! Back to the point of him emphasizing on the quote mentioned above.... Totally senseless isn't it?! Does it mean that, when "crappy" opportunity comes, just take action anyway?!
Hmmm... What you guys think?
Anyway, just for your knowledge, the biggest bill printed is 100,000 Dollar Bill, and this is just a Gold Certificate.
For more information, check out this site on USD Bills.
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