Write an essay by solving the last three question

Write an by solving the last three question - Essay Example found that Wonderful Stores (WS) committed breach of contract when it cancelled its advertised â€Å"Wonderful January sale Bargains Galore; Rolex Watches  £80†¦Ã¢â‚¬  thus to settle the issue, the following questions must be resolved on appeal: (1) whether the advertisement was an invitation to treat and not an offer; (2) assuming that it was an offer, it was a bilateral offer and not a unilateral offer; (3) assuming further that it was a unilateral offer, no obligation arise as Simon has not accepted the offer at the time it was revoked on Saturday evening’s advertisement. Would the appeal of WS prosper? The appeal will not prosper. Advertisements are legitimate business strategies implemented by sellers to induce buyers to patronize its products however advertisements are mere invitations to treat. To ripen into a contract, bids must first be made to commence negotiation then the seller will consider the bid and thereafter accept it if deemed appropriate. Thus, the stages to constitute a valid contract must be complied with—initial offer, negotiation and acceptance. The indication of a price tag in an advertisement or even put on display on the shop window is of no moment. It does not qualify as a valid offer of sale but simply an invitation to treat which is not demandable until an offer was accepted. This is anchored on the fact that the store that advertised the product may not have sufficient inventory to sell to all those who would want to procure or avail of the products. In the case of WS, it stated in its advertisement that sale shall be made on a â€Å"first come, first served† basis thus the eventuality that it would run out of inventory is not present. The consumers are put on notice that the products are limited thus those interested to buy were encouraged to fall in line—sale would be made until supply last. WS has made an offer thereby creating a valid and enforceable contract. Therefore WS is obliged to sell to those who have complied with the

Financial Plan ABC Pharmaceuticals Essay Example | Topics and Well Written Essays - 3000 words

Financial Plan ABC Pharmaceuticals - Essay Example Moderate Pain-Control Medication Project, named MPMP, is the upcoming project of ABC Pharmaceuticals. Since its inception in 1997, the company has excelled in severe pain medication market and after several years of presence in the pharmaceuticals industry, the company has acquired a major share in the market segment it serves, not to mention the brand name and excellence in the pharmaceuticals industry’s fundamentals. Based on its experience in the market, the company plans to develop differentiated pain control products that provide the flexibility and versatility required to address the limitations of existing prescription pain medications in supervised health care settings. Resource Planning for MPMP MPMP is an extension project. Most of the resources of the existing product line, especially on the soft side such as human resources and technical resources could support the new product line as well. However, certain additional resources would also be required to support the project; encompassing, production plants, human resources such as production labor and specialists in moderate pain control medication, working capital, office supplies etc (see details in section 2). A brief of the resources required are as follows: Human Resources: Production specialists in the area of moderate pain-control medication would be required. In line with the previous experience, three specialists each at the three production locations of the company would suffice. Apart from that, production labor would be required. Based on the sales forecasts, as such three teams, each comprising 10 workers (daily wagers), supervised by a production incharge and headed by the area specialist, would be established. The core human resource function would remain at the head office. Technical Resources: For the first five years of the project, three production plants will be fixed at the current production sites. Each plant will have the capacity to produce approximately 15,000 units a year (including breakdowns, if any). Budget Allocation for MPMP The total estimated cost of the project comes to $ 10,500 million calculated as follows