Word count: 1000 Due date: 48 hours from now Please do the individual task. The other two files are...

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Word count: 1000 Due date: 48 hours from now  Please do the individual task. The other two files are similar tutorial questions and a sample provided by teacher.
	
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Robert · Accepted Answer

Demise of Lehman brothers in connection with ASA701

Contract Act and 
related rules 
Report
1 | P a g e  

Contents
1. Answer …………….……………………………………………………………………………  2
2 | P a g e  
 
  Answer  
This case involves the issue which says that whether there is a contract between Josh and owners 
of the break out, entitling the refund of the purchase price and $100.00 to Josh. 
Since the breakout skincare has given an advertisement in the magazine for a guaranteed work 
on teenage skin problems. It also includes the clause that if the skin problem is not cured there 
will be refund of purchase price and $100.00. As per the advertisement Josh purchased the 
product and used it according to the directions given still the condition was not cured by the 
usage instead it became worst, hence Josh requested a refund which was denied by breakout by 
giving explanation that they had placed the advertisement for cancellation of the offer in the 
magazine.  Hence the issue arises here is the legal rights of the Josh, whether he is entitled to the 
purchase price and $100.00 or not. A contract is an arrangement among two or more people 
which is enforceable by regulation.
There are many sub issues arises under the main issue. The first sub issue is discussed further, 
which says whether an advertisement an offer that is capable of acceptance by performance? 
Ordinarily an advertisement is deliberated to be an incitement to treat, i.e. the person enlisting 
the advertisement is welcoming readers to reply to the advertisement to make an offer. Partridge 
v. Crittenden [1968]. However it will depend on the terms of offer. For example an 
advertisement of reward may be an offer Carlill v Carbolic Smokeball [1893].  To decide 
whether an offer has been made the court will apply the test of what a reasonable would think in 
the circumstances.

Word count: 1000 Due date: 48 hours from now Please do the individual task. The other two files are similar tutorial questions and a sample provided by teacher. Document Preview: LEGL IRAC by Fucheng...

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