In this paper, I will reflect on the operation of contracts. Business law shows how contracts may be classified in several ways depending on the manner in which they are created, expressed, or performed. I have learned a lot from this course and I will use that to help write this paper. In the following paper I will discuss the oral or written contracts; I will discuss express or implied contracts, and will discuss formal or simple contracts. I will also discuss the impact of the contracts in a business and show the true propose of contracts. I will show what is needed in a contract to be legally enforceable. I will discuss how a contract must contain the following six elements: an offer and acceptances, a mutual agreement, a consideration, a competent parties, and legality of purpose, and proper form. All of this will be discussed in depth in the following paper.…
| The owner of a sole proprietorship is completely liable for paying any and all business debts. This also includes any losses, taxes, and lawsuits. If the firm cannot pay the debts incurred, the owner must use personal property or any other stock or such from another business.…
Question 3: Nicole recently entered into a contract to sell her house in Canberra to Lakeview Developments Pty Ltd for $750,000. She was told by the receptionist in Lakeview's office that Lakeview Developments is a development company which plans to demolish the house and build some apartments. The contract was signed by Nicole and was also signed 'for and on behalf of Lakeview Developments Pty Ltd' by Anthony Blunt, who showed her his business card describing him as the 'Developments Manager' of Lakeview Developments.…
6) Under the U.S. legal system, subject to some exceptions, costs of litigation regarding both the plaintiff and defendant…
Widget Tech Inc. is in need of update the company’s current code of ethics due to growth of the company and the changing workforce. Research has been conducted to revise the current policy and address topics that were previously overlooked. Widget Tech Inc. is a company that stresses both corporate and personal integrity. We not only comply with laws and applicable regulations; but we also strive to conduct our affairs according to the highest ethical standards. Employees are expected to be honest and forthright in dealings with managers, subordinates and with one another, as well as with clients, suppliers, government agencies and their employees, business partners and the general public. Widget Tech employees must maintain the highest level of personal integrity and encourage it in others; they must not lie, cheat, steal or do anything that would bring dishonor upon themselves or the company (SRA International, Inc. 2009).…
Business Law relates to the legal matters that involve commercial entities. Some examples of topics covered in business law are contracts domestic and internationally. Employee relations such as discriminatory issues also fall into the category of business law. The laws that fit into this category protect the consumers as well as business owners and stockholders.…
We want our graduates to be aware of and have respect for self and others; to be able to work with others as a leader and a team player; to have a sense of connectedness with others and country; and to have a sense of mutual obligation. Our graduates should be informed and active participants in moving society towards sustainability.…
Consultation- this is your first stage where you have to get different opinions from other people about what they think about the law that you want to introduce. You can do this by creating a survey, questionnaire, asking people face to face etc. If you get you get positive or negative feedback then you can go through to the next stage which is the green paper.…
(for P2, describe what express & implied terms are in relation to a contact you have studied and how each affected by statute. Statutes are Acts of Parliaments, e.g. Sale of Goods Act 1979, or Unfair Contract terms Act 1997)…
Learners will consider rules for the formation of contracts and develop an understanding of the legal effect of each stage in negotiating a contract, up to and including the final agreement. The law on misrepresentation and the terms in contracts are explored. It is central to the unit that learners understand the meaning of express and implied terms in a contract. They will examine a contract or contracts to consider the use of key terms. For example, terms with respect to payment can be analysed and put…
* Miller (1954): any hurt or injury calculating to interfere with the health or comfort of the victim…
In the case of the "Students for Fair Tuition" and Giant State University's employees (Mrs. Pimply and the GSU President) there were many notable concerns and events that took place that create valid reasoning to review possibility of crime having been committed on that day. A tort is once again not a criminal act, but rather a small offense usually handled on a civil level where as crimes (for being of more extreme concerns of law violations) would be handled on a federal/governmental level.…
A case between 2 individuals or an individual and the government discussing the rights of the individual…
THE CHARTERED INSTITUTE OF BUILDING AN INTRODUCTION TO CONTRACT LAW OR (GETTING IN AND OUT OF A CONTRACT) On 19 June 2012 By Keith Blizzard BSc(Hons) DipArb FRICS FCIOB FCIArb FFB MEWI…
It was this quote by Theodore von Karman in my high school physics book that sparked my interest in engineering. Engineering allows for the designing and constructing of structures that most people could only dream of but they could not live without. From bridges spanning oceans to connect countries to artificial islands on which building complexes can provide housing for thousands of people. This notion is what made me want to become an engineer.…