Good Essay About Legal Assent

Legal Assent

OLX USA is the site in focus. OLX allows persons to advertise articles they want to sell on the site. Buyers can then access the adverts; contact the seller and where they agree complete the sale. It is an appropriate study because it involves the sale and purchase of goods and property where an offer and corresponding acceptance leading to proper legal assent must exist. The internet is unregulated to a great extent in terms of users and a majority of them lack in the intricate legal details of proper contracts (Steve & Sue, 2000). The avoidance of rescission arising from mistake or misrepresentation means that there are more successful transactions arising from the sites services and which earns it more credibility and more users.
OLX should have a general statement covering all potential transactions and that informs the intended parties that the advert is an invitation to treat while a response is the offer. The parties can then negotiate terms from then after such things as physical inspection to establish the merchantability or otherwise of the goods, product or property. This avoids common mistake occurring where both parties believe the subject matter exists when in real sense it does not.
Where the subject matter of the contact is a complex one or involves large sums of money, it should be advised within the site that the parties seek professional legal assistance that will help either avoid being misrepresented or mistaken. There may be misrepresentation as to existence of proper title to n article being sold. The purchaser should be advised to ascertain the title of the article before proceeding to actually contract.
Parties should be advised to meet in person in order not to be mistaken in relation to the other party’s identity. The identities of the persons should be prudently ascertained before any money or goods/property changes hands. This is considering the fact that there are transactions of high value including sale of automobiles and real estate within OLX.

References

Steve, E. & Sue, F., (2000). "Expectations versus reality: a snapshot of consumer experiences with Internet retailing", International Journal of Information Management 20: 323–336