Business Law (6) Assignment Example | Topics and Well Written Essays - 750 words

Business Law (6) - Assignment Example (C) My own example relating to the definition given above is; If an employer wants to recruit employees and in that regard, the employer states that the job will be paying $1,000 a month with no allowances and that the engagement period is 5 years terms that is renewable based on the performance of the employee, the employer will also not be obliged to explain the reasons as to why the an employee is dropped or considered for the next term. The terms can continue base on what the employer is interested in. The terms expressed here in relation to job defines what a vacancy. (B) In my own definition, acceptance can be considered to be; the evaluation of the terms contained in the offer and yielding to them in a bid to considered being engaged in the contract qualifying it to be a legal obligation. (C) As I have stated in the above explanation, if an employer stipulates the terms of the contract and them the prospective employees ratifies the terms and get to be engaged in the contract legally by appending their personal signature and having unconditionally read and understood the content of the offer, it is said that acceptance has taken place. After acceptance, the employee is legally bound to operate within the stipulations. (D) The website http://www.thefreedictionary.com/acceptance provides step wise definition of the term from the general English version to the legal definition. In this regard, it gives an array of the definition that foster further understanding of the term. (B) According to my own definition, consideration is that resonance that results after the employer and the employee strikes a balance by ratifying legal obligation of each side given satisfaction of their side of bargain. I other words we say that the offer has been ratified by the prospectus in legally required manner and thus acceptance of the offer to undertakes to the needs and responsibilities as stated in the offer. (C) An example relating to the above is when an offer is