3. Contract Law “Is My Agreement an Enforceable Contract?” The Law of Contract involves answering 4 questions: (1) Is my agreement an enforceable contract? Are all of the elements of a contract present. (2) If so‚ what does it require me (and the other party) to do? - What “promises” have become terms of the contract. (3) Can I get out of it (without paying some form of penalty)? - Was the formation of the contract defective in some way (ie were there any ‘vitiating elements’ present)
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Law And Business Decisions Mustafa Q. Faisal Southern New Hampshire University Jan. 2015 Abstract In this paper‚ I will illustrate the impact of employment law on the business decisions‚ and how the employment law prevents the business owners and managers to make decisions inside the organization regarding the hiring‚ payment‚ promotion‚ and layoff based on the race‚ sex‚ religion‚ and age. I’ll discuss the impact of the government policies on the location decisions of businesses‚ and how the
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The Impact of Computers in Business by Chris Joseph‚ Demand Media Computers have made a major impact on the operations of small businesses. Related Articles * Impacts of Technology on Small Business * The Impact of Sarbanes Oxley on Small Business * A Good Way to Set Up Computers for a Small Business * The Positive & Negative Impact of Digital Media on Business * Healthcare Laws and the Impact on Small Businesses * How do I Select Computers for a Small Business?
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Chivonne M. Joseph ACCT553 Week 1 Homework _________________________________________________________ Please provide your answer to each question in the space provided below. When finished‚ submit to the DropBox. Chapter 1 (5 pts) 1. Briefly discuss the purpose of the Sixteenth Amendment. The 16th Amendment allowed Congress to impose taxes on whatever source derived. The sourced could be direct or indirect and without regard to census. The purpose of the taxes was to help
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Issue 6. 1. Title: Consideration 2. Textbook reference: Chapter 12 3. Possible search terms: Consideration‚ past consideration‚ option-to-cancel‚ accord‚ satisfaction‚ release‚ promissory estoppel 4. Here is the situation: Andrea‚ the president of Standard Corporation‚ announces to Standard employees‚ “If you work hard‚ and profits remain high‚ you’ll get a bonus‚ if management thinks it’s warranted.” Profits remain high‚ but no bonus is paid. If the employees sue‚ would a court enforce the
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Section B Case study 1 The study case states that Anthony and his wife were estranged‚ but Anthony wanted his wife can return home. Therefore‚ Anthony promised to transfer the matrimonial home into her name. They had saw a lawyer‚ and prepared and signed a formal agreement. However‚ after returning home more than one year ago‚ Anthony refused to keep his promise‚ so his wife wants to get advice to get the house. Therefore‚ relating to the above scenario is the case of “letter of comfort”.
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Employee Monitoring and Legal Liability 1. Employers can bear legal responsibility if they do not adequately monitor their employees. This is why sometimes extreme measures are taken to keep track of employee’s computer usage. There is a case from New Jersey several years ago in which a company was held liable by an appellate court because an employee transmitted child pornography from his workplace computer. The court ruled this way because the employer had a policy which stated that all email
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Tutorial 8 1. The contract provides that for every day of delay in completion of a commercial building‚ damages of $1000 are payable. The completion is delayed by 20 days due to the fault of the contractor. How much can the innocent party claim if the actual loss suffered is $22‚000? Do you think generally‚ it is wise for a business to always have a liquidated damages clause? 2. At Your Service Pte Ltd is a big company which provides various travel related services‚ including overseas tour
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written law in the society It is important because rules need to be established in case someone breaks them (and people tend to). If they aren’t written‚ smooth-talkers will be able to talk their way out of punishment while less charismatic people will be punished more severely‚ and some judges will be far kinder than others (warning versus jail term). It is also harder to say "we need to punish domestic crimes more severely" when there is no set rule or punishment. Simply put‚ written laws are required
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Assignment Question Part B John Weston Foakes v Julia Beer (1884) UKHL 1‚ (1881-85) All ER Rep 106‚ (1884) 9 App Cas 605; 54 LJQB 130; 51 LT 833; 33 WR 233 http://www.bailii.org/uk/cases/UKHL/1884/1.htmlAtlas Express v Kafco (Importers & Distributors ) Ltd (1989) QB 833 http://en.wikipedia.org/wiki/Atlas_Express_Ltd_v_KafcoAmalgamated Investment Co v Texas Bank (1982) Q.B http://www.bailii.org/ew/cases/EWCA/Civ/1965/3.htmlBusiness Law‚ by Robert W. EmersonPublished by Barron ’s Educational Series (2004)
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