Company Law
Author:
Genre: Law

The purpose of the assignment is to allow you to undertake independent research into a particular aspect of law, to reflect on and consider particular legal issues and to apply your legal skills to them. It is important for you to have time to think through how to structure and present arguments, and to discuss what the law is or should be in a particular area. This assessment task also gives you the opportunity to put the skills you have learned in tutorials into practice.

About the Book

Company Law

As per the given facts and circumstances of the case , On may 1 a letter was sent by Dr. Doe to Stein in which he expressed his desire to join at the post of Vice-president provided the posts last for 4 years and the salary base is $ 500,000 per year. Stein received the letter on May 3 and had a telephonic communication on the same day that he would like to accept the same if the salary is reduced to $300,000 per year. The same was denied by Dr. Doe by stating that he can only agree to $ 500,000 per year. Stein wrote a letter (May 3) where he expressed his disinterests in the desire of Dr. Doe. But, immediately Stein intends to accept the offer of Dr. Doe and sent an express mail to him. The letter of stein (acceptance) was received by the Secretary of Doe on May 4, but the same was not communicated to Dr. Doe. On May 4, Dr, Doe intimate Stein on telephone that he is joining another company which was disputed by Stein on the pretext that he accepted the offer made by Dr. Doe.

It is now important to acknowledge as to whether there is a valid contract amid Dr. Doe and Stein or not?

When a person capable of intend makes an offer to another capable person to do or not to do any lawful object for consideration and that other person accepts the same then there is valid contract1. Every contract comes into reality when one person makes an OFFER to another to do any act or not to do any act. The law behind offer is dealt in Carlill v Carbolic Smoke Ball co. Ltd (1893)2.

Disclosure of Material Connection: Some of the links in the page above are "affiliate links." This means if you click on the link and purchase the item, I will receive an affiliate commission. I am disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255: "Guides Concerning the Use of Endorsements and Testimonials in Advertising."