Management and Organizational Studies 2275A/B Lecture Notes - Lecture 2: Contract, E-Commerce, Cash Register

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

The contract: agreement: offer and acceptance, complete (certain, deliberate (intention for legal relations, supported by mutual consideration. De nition of offer: offer: a promise to perform speci ed acts on certain terms, promise to enter into a contract, on speci ed terms as soon as the offer is accepted. Offeree: the person to whom an offer is made. Death or insanity: revocation: the withdrawal of an offer offorer notifying offeree of withdrawal. Acceptance: an unquali ed willingness to enter into contract on the terms in the offer no modi cations or its a counter offer. Designed to remove barriers to electronic commerce. Part 1: provides that a contract shall not be denied effect on the sole ground that it was entered into electronically. Part 2: special rules for the formation and operation of contracts, the effect of using automated transactions, corrections of errors when dealing with a computer and the sending an receipt of computer messages.