Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/22176
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dc.contributor.authorPathak, Akhileshwar-
dc.date.accessioned2019-06-05T03:07:51Z-
dc.date.available2019-06-05T03:07:51Z-
dc.date.issued2017-10-25-
dc.identifier.urihttp://hdl.handle.net/11718/22176-
dc.description.abstractBusiness contracts are formed through negotiations, where the parties agree on some terms, disagree on others and keep yet others undecided. Over a period of time, they see themselves as having moved from being negotiating parties to contracting parties, settling on most of the terms. The law, however, states that a contract is formed when a person makes an offer and the other accepts it. The principle arose from the rudimentary trade practices in the past. The principles coming from the prior centuries and the modern business practices may not be in consonance. The Gibson v. Manchester City Council Case, a judgement of the House of Lords of the United Kingdom, reviewed attempts to modernize the law.en_US
dc.publisherIndian Institute of Management Ahmedabaden_US
dc.relation.ispartofseriesBP0416;-
dc.subjectAcceptanceen_US
dc.subjectAgreementen_US
dc.subjectFormation of Contracten_US
dc.titleFormation of Contracts: Gibson v. Manchester City Councilen_US
dc.typeCases and Notesen_US
Appears in Collections:Cases and Notes

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