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dlinn [17]
3 years ago
7

An ad on the newsnow web site asks viewers to "send us your story and we might share it with the world." ollie submits a manuscr

ipt, adding, "i accept your offer." between newsnow and ollie, there is
Business
2 answers:
Viktor [21]3 years ago
5 0

Answer:

No valid contract between Ollie and Newsnow.

Explanation:

Newsnow's ad states that if you send them a story they "might" publish it and share it with the world. This cannot be considered a valid offer because of the "might" word included in the sentence, so there is no nothing for Ollie to accept. Actually it is Ollie that is making the offer by sending the story. It depends on Newsnow whether they will accept Ollie's offer and publish the story.

Serggg [28]3 years ago
3 0

Answer:

There should be no contract formed between Newsnow and Ollie.

Explanation:

To form a contract, there should be 03 essential elements which are an offer; an acceptance and an consideration the offeror gives the offeree once the contract has been delivered.

For the purpose of this question, putting aside the examination of the 02 essential elements which are an offer and an acceptance, given there are lack of certain consideration in Newsnow advertisement, there are lack of one essential element for the contract to be formed. In other words, there are no "meetings of mind" in this scenario, thus it is quite certain there is no contract between Newsno and Ollie.

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Explanation:

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Add: Labour  2300    

Add: Overheads (2300*68%) 1564    

Total cost of Job 429  9234  

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Answer:

$1,002,000

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However,the costs eligible to be recorded as investment upon acquisition are the fair value per share and the contingent obligation as shown below:

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total value of investment                        $1,002,000

The issue costs and direct should be expensed immediately.

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3 years ago
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