Trade Knowledge

Inquiry,offer , counter-offer and acceptance
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Inquiry (Inquiry) is the direction of a transaction other inquiries terms of trade,


A. Inquiry


Inquiry (Inquiry) is the direction of a transaction other inquiries terms of trade, said the transaction as a desire to act. Inquiry on by the buyer made the seller may also be made, the content can be a little long. If the purchaser inquiry: "There is interest in the northeast soybeans, please send disk," or "interest in the northeast soybeans, November shipment, please quote." Inquiry non-binding on the parties to the transaction.


B. an offer


An offer (Offer), also called the offer, saying that the transaction party (hair liquidator) to the other party (subject to liquidator) for the terms of trade and are willing to deal under these conditions, an expression of.


An offer in law known as the offer, in an offer within the validity period, an experienced liquidator unconditional acceptance, the contract shall set up an offer made by the person who set the conditions to fulfill contractual obligations of the legal liability.


More than an offer made by the seller (Selling Offer). May also be the buyer (Buying Offer), also known as the delivery tray (Bid).


Common practice after-hours consultation by the buyer, the seller an offer, but can also be without inquiry, a party dish straight hair.


C.-offer


Issued by the liquidator did not agree with intraday trading conditions to amend or change the views, called the counter-offer (Counter Offer). In law called the counter-offer.


Also disc is actually an offer by the liquidator to the status of persons issued a new plate. People to become the new primary disk drive by the liquidator.


Also disc is made by the liquidator of the disk rejected an offer by the other party also set the failure, the primary disk are no longer bound by it.


Plate can also be repeated between the two sides, but also set the contents of the statement is usually only need to change or add conditions to the mutually agreed terms of trade there is no need to repeat.


D. accept


By the plate in an offer within the validity period and unconditionally agree that issued forth in intraday trading conditions, are willing to deal under these conditions and an expression of the other party.


Acceptance (Acceptance) in law known as the "commitment" to accept a person has been served an offer, the contract shall set up. The two sides should fulfill their obligations under the contract and have corresponding rights.


If terms of trade simply accept all the conditions without the need to repeat. If the two sides also set each other on many occasions, conditions changed greatly, but also intraday trading is only related to the need to change the conditions, then the acceptance should repeat all the conditions in order to avoid omissions and misunderstandings.


 

( liyy )15 Sep,2010

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