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Consumer

Chapter 2 Business

TermDefinition
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
Created by: jennylynam
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