Business Law - Questions Assignment Example | Topics and Well Written Essays - 750 words - 1

Business Law - Questions - Assignment ExampleMostly in the case of online business, an advertisement on a site suffices as a formal offer to charter and it becomes effective once a customer places an consecrate and the supplier accepts this (Trading Online Understanding e-Commerce Contracts 2005). An online entreat is enforceable in a court of law provided its terms can be confirmed through the documentation on the website and it explicitly defines the conditions for the sale. The terms and conditions of the contract should be clear, specific and unequivocally stating the jurisdiction. Such an agreement must give tongue to 1. Obligations of both purchaser or seller or in other words, the parties to the contract. 2. The amount of hire, the time of payment and the options for the mode of payment. 3. The exact details of the services to be rendered or the commodities to be sold and the dates and modes of delivery or approximate time. Two document used in this study are purchase or der and gross revenue order in Online selling are. Standard Purchase Orders Standard Purchase Order is also a form of contract, which is used to make requisitions for the purchase of goods. The terms and conditions of purchase, price, payment terms, quality specifications, terms of the warranty, stance of delivery, delivery date or time etc are usually indicated on the same. Both the seller and buyer are bound to adhere to the conditions and specifications stated in the purchase and these are enforceable in a court of law. The following is a sample of the purchase order (Picture Courtesy http//www.ljmu.ac.uk/fin/fin_images/ai_app1.jpg) Element of contract in Purchase order in UK Online Selling are 1) Acceptance Sellers beginning of work on the services or goods subject to this purchase order or consignment of such goods, whichever takes place first, shall be deemed as a successful manner of acceptance of the purchase order. 2) Mutual Consent In order for the contract to become val id, the parties to a particular contract