An advertisement for sale of an old flat is published in a leading new...
General offer.
In a takeover, an offer to buy all of the remaining shares in a company, that must be made when a company owns more than 33% of the voting shares in another company.
An advertisement for sale of an old flat is published in a leading new...
Explanation:
General offer refers to an offer made to the public at large or a section of the public. The advertisement for the sale of an old flat is a general offer as it is made to the public at large through a leading newspaper. The offer is open to anyone who is interested in purchasing the flat, and there is no restriction on who can respond to the advertisement. The terms and conditions of the offer are clearly stated in the advertisement, and anyone who meets the requirements can take advantage of the offer.
Advantages of a General Offer:
- Wide reach: A general offer has a wide reach as it is made to the public at large, and anyone can respond to it.
- No restrictions: There are no restrictions on who can respond to a general offer, provided they meet the requirements specified in the offer.
- Transparency: The terms and conditions of a general offer are clearly stated, making it a transparent process.
- Competition: A general offer encourages competition among buyers, which can result in a better deal for the seller.
Disadvantages of a General Offer:
- Response rate: A general offer may not generate a high response rate as it is not targeted to a specific audience.
- Time-consuming: A general offer can be time-consuming for the seller as they may have to sift through a large number of responses to find a suitable buyer.
- Price pressure: A general offer can put price pressure on the seller as buyers may try to negotiate a lower price.
Conclusion:
In conclusion, the advertisement for the sale of an old flat is a general offer as it is made to the public at large through a leading newspaper. General offers have their advantages and disadvantages, and sellers need to weigh them carefully before deciding to make a general offer.