Business Law Assignment: Unilateral Offer, Types of Companies in Australia, and ASIC Regulations

BUSINESS LAW
ASSIGNMENT

PART-A
 The advertisement posted by Ming is a unilateral
offer.
 The provisions given under Carlill v Carbolic
Smoke Ball Co case applies in this scenario.
 Parties who comply with instructions gives their
acceptance to the offer.
 After a valid acceptance, the contractual
obligations are formed.
 This offer can be revoked if the performance is
not started or finished within reasonable time
(Fitzpatrick et al., 2017).

PART-A
 Forty customers have given valid acceptance by
bringing the copy of advertisement, thus,
contractual obligations are present.
 Other ten cannot enforce the contract since a
valid acceptance is not given due to failure to
comply with the terms.
 Ming is obligated to give $10 to forty customers.
 Putting up the sign did not terminated the
unilateral offer of Ming.