Business law Essay Example | Topics and Well Written Essays - 1500 words - 3

Business law - Essay Example In accepting an offer, if an offerree introduces new terms or varies the terms of the offer, this will not constitute a valid acceptance, but will be viewed as a counter offer. For example, in the case of Hyde v Wrench3 the defendant’s offer to sell was not unconditionally accepted, the plaintiff responded with a counter offer, hence a contract did not come into existence and there was no obligation of any sort between the parties. In this case, Doors Software placed an order on 5 May 2003, with additional items included, such as installation of the servers at 10,000 pounds rather than the 15,000 pounds suggested by Hard Water Co and a change in the delivery time frame. This is likely to be viewed as a counter offer, rather than an acceptance of terms. On this basis, the original offer put forward by Hard Water Co. which included the price variation clause will be deemed to have been rejected, applying the precedent of Hyde v Wrench. According to Lord Denning no contract will come into existence unless and until the acceptance has been communicated to the offerer4. In this case, the counter offer by Doors Software has been communicated to Hard Water Co as the order form. This order form does not contain a price variation clause, however Hard Water Co has completed and signed the form and returned it to Doors Software without insisting on the price variation clause. On this basis, Hard Water Co will be held to have accepted the contract on the terms set out in the order form of the Doors Software Company. The question of contracts that are generated through standard business documents, like the order form, etc was examined in the case of Butler Machine Tool v Excell-O-Corp5 which is very similar to the instant case. Plaintiffs sent a letter of offer to defendants on their standard form, stating that these terms and conditions were to prevail over buyer’s order form. The defendants however returned an order form with different terms and

Basic Statistics Essay Example | Topics and Well Written Essays - 500 words

Basic Statistics - Essay Example A negative correlation implies that the likelihood of depression reduces with an increase in age. A positive correlation would have been indicated by straight line implying that as a person ages there is an increase in the likelihood of individuals being depressed according to the data provided in book 5 (Weiss, 2006). In essence, an analysis of the data using SYSTAT implies that there is no significant correlation between age and depression. Age should therefore not be a factor when predicting the likelihood of an individual becoming depressed. Therefore, one can conclude that biological factors related to ageing do not affect the capacity of individuals to deal effectively and healthily with depression. In fact, the weak correlation implies that as one gets older perhaps due to experience and hardening they become less prone to depression. Analysis using SYSTAT indicates that the correlation between work and depression work and depression is actually -0.113. A correlation with a figure less that 1 indicates that there is no correlation between the two variables or the correlation could be very weak to be of any statistical significance. In this case one can comfortably conclude that there is no significant relationship between work and depression. The independent variable in this case was work and the dependent variable was depression. The correlation value in this case assumes a negative integer. The positive integer implies that there is a negative correlation between work and depression according to the data provided in book 5 (Weiss, 2006). This implies that if the value of the integer was 1 then it would have been expected that the people without work were more likely to be depressed that the people who were working. In essence, the data may be implying that although work is not a significant determinant with reg ard to the prevalence of depression according to the data, it