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need help on pg 7 no 3.9 bpp revision kit chapter formation of contract 1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › need help on pg 7 no 3.9 bpp revision kit chapter formation of contract 1

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by MikeLittle.
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  • April 23, 2020 at 1:04 pm #569001
    farhaanm
    Participant
    • Topics: 165
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    • ☆☆☆

    Can you explain bargaining power? I looked it in the notes in on page 32.

    April 23, 2020 at 2:50 pm #569007
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23325
    • ☆☆☆☆☆

    What has the heading got to do with bargaining power?

    Bargaining power?

    Are you employed? I’ll assume that you are! Imagine that you wish to enter into a contract with your employer. Of the two of you, which side is likely to dictate the terms within that contract? Are you likely to be able to insist on your wishes or is it more likely that your employer is going to tell you what the terms are and then you are likely to accept those terms

    Why? Because of the inequality of bargaining power – your employer is in a far stronger position than you

    Does that explain it adequately?

    April 24, 2020 at 9:02 am #569114
    farhaanm
    Participant
    • Topics: 165
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    • ☆☆☆

    ok thanks

    April 24, 2020 at 9:05 pm #569171
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23325
    • ☆☆☆☆☆

    You’re very welcome

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