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Regulatory framework for Business

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Hi. Kindly provide an exhaustive and detailed explanation for the answers of these 2 questions. Thank you.

Question # 1: In relation to contract law distinguish between offers and invitations to treat and explain in detail why it is important to make such a distinction? Write as much as you wish to make your answer extremely clear and also provide with examples where necessary.

Question # 2: Walter, the owner of a warehouse, spreads rat poison on slices of bread with the intention of putting it down to attract and destroy vermin. Simon, an employee with learning difficulties, who has forgotten his lunch, finds the bread and eats a slice, as does Young, a small boy who has wandered into the warehouse. Both Simon and Young become seriously ill. Discuss in detail the possible liabilities of Walter in Tort. Make your answer as clear as possible. Reference to other cases can be given to strengthen your argument.

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In relation to contract law distinguish between offers and invitations to treat and explain in detail why it is important to make such a distinction? Write as much as you wish to make your answer extremely clear and also provide with examples where necessary

An offer if accepted leads to contract formation. On the other hand an invitation to treat is an invitation to make an offer, if the person that accepts the invitation to treat makes an offer and it is accepted a contract is formed (See: Fisher v. Bell [1961] 1 Q.B. 394, [1960] 3 All E.R. 731). Similarly, an offer is made if the person making the offer has the intention to enter into a contract. On the other hand an invitation to treat takes place if the intention of the person making the invitation to treat is to start give and take discussions leading to a contract (See: Harvey v. Facey, [1893] AC 552, Also see: Spencer v. Harding (1870) LR 5 CP 561). The essential point is that an offer is the willingness of the person making the offer to enter into a contract on the specified terms ...

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