Business and Corporate Law Essay Example | Topics and Well Written Essays - 1500 words

Business and Corporate Law - Essay ExampleBoth offer and credenza constitute a part of an system, which is in turn an element of a contract. An offer can be defined as an option given by an individual which he has agreed to and would not go up until a specified set of period (Evans p. 145). In order to facilitate the order of business in the market, the parties involved sign a contract based on mutual consent and understanding. The agreement everyplace the contract, however, relates to the offer and agreement and unless on the accumulation of both can a successful agreement be reached. Generally, the offeror begins with decision so as to make an offer, after which he deems necessary to buy the farm it to the relevant party. Then, the offeree may accept the offer after which it is necessary for him to communicate the acceptance. However, the acceptance occurs formally only when the offeror receives the acceptance. In the middle of such scenarios, there may be many different te chnicalities, where the offeree may also request to make changes in the offer, or may even up ask for further information. another(prenominal) parties may also be involved for smooth disposal of agreement. However, in the context of the issue cosmos discussed, the child or an under- era individual is an offeree, and the author is arguing over the situational contexts where the section 7 could be applied. In the view of the author, the offer must not be made to an under-age individuals in any case, not even when he acts of someone elses behalf to accept an offer. Thus, in any case, any individual under the age of 18 must not enter into a transaction of sale other banned to him otherwise it would be breach of the law.Furthermore, prior to understanding the argument, there must be a discussion over the Section 7 of the Children and Young Persons Act of Parliament, which solely focuses on the rules of business regarding the sale of tobacco