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Consumer
Chapter 2 Business
Term | Definition |
---|---|
Role of the ombudsman | Settles dispute between the banks |
Define 'offer' | A proposal which can be written, oral or implied |
Explain 'acceptance' | The other side must accept the offer as it stands, without introducing any changes or conditions |
Explain 'counter offer' | Destroys the original offer |
State 4 ways in which a contract can be terminated | Agreement Frustration Breech Performance |
To 'sue for damages' means | Bring the other party to court for the damages they made |