The Trade Contract is concluded by offer and acceptance between principals concerned and there are generally few problems with consideration, capacity, legaland proper form, the remaining requirements for a contract.<br/> The offer is an expres...
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https://www.riss.kr/link?id=A76047662
1994
Korean
KCI등재
학술저널
633-657(25쪽)
0
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다운로드다국어 초록 (Multilingual Abstract)
The Trade Contract is concluded by offer and acceptance between principals concerned and there are generally few problems with consideration, capacity, legaland proper form, the remaining requirements for a contract.<br/> The offer is an expres...
The Trade Contract is concluded by offer and acceptance between principals concerned and there are generally few problems with consideration, capacity, legaland proper form, the remaining requirements for a contract.<br/>
The offer is an expression of willingness to contract made with the intention (actual or apparent)that it shall become binding on the person making it as soon as It is accepted by the person to whom it is addressed. The offeror must exhibit a clear and present intent to contract and be definite in all respects if it is to be a genuine offer. It may be made expressly (by words) or by conduct.<br/>
An acceptance is the assent of the offeree to the terms of the offer. No particular form of words or mode of expression is required, but there must be a final clear and unqualified expression that the offeree agrees to be bound by the terms of the offer. Under the mirror image rule, in Common Law an acceptance has to match, term by term. the provisions in the offer.<br/>
A contract is concluded at the moment when an acceptance of an offer becomes effective. Questions may arise as to the time when the acceptance is effective. The general rule is that an acceptance must be communicated to the offeror. Communication is a technical term of art; it means that the addressee must have been able to take notice of the statement in question. The rule is applied to instantaneous contracts. There are contracts made verbally, by telephone, by telex or by facsimile, and it is thought by electronic data interchange (EDI).<br/>
The contingency of legal disputes is never absent in international transactions so we have the necessity of entering into Vienna Sales Convention. Most of our major trade partners have entered into Vienna Convention and the contents of it are very rational as a result of compromise between industrial countries and developing countries. In order to advance actively and freely into world stage, it has to open daringly about a convention of the private sector. The entry into Vienna Convention is the world trend and obligation of UN members and also contributes to unity of law.
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