Business law *CONTRACT 1) consent- both parties agreed to the conditions of the contract The OFFER should be certain. *Vices of consent (contract is voidable) 1) error or mistake- honest mistake in the amount/ contract. Ex: error in number of units 2) violence or force- forced someone to sign a contract. You never really want to sign it. 3) intimidation or threat or duress- same with number 2. 4) undue influence- ex: superior talking to an employee “if you did not sign the contract meaning
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spring stretches the spring by an amount‚ ∆x‚ measured from the equilibrium position – the position of the free end when no force is applied. With the force applied to the spring‚ the spring now comes to rest in a new position. If we apply Newton’s Laws to the mass attached to the spring in the figure shown below‚ it is clear that the gravitational force of the mass on the spring must be balanced by a force from the spring in order for the spring-mass system to remain at rest. This force is called
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The Law of Trusts Consultation Times: Tuesday (9.30-10.30) WEEK 1: INTRODUCTION TO TRUSTS What is a Trust? Where one person is legally obligated to hold an asset for the benefit of another person Incomplete description; trusts can arise where one person is legally obligated to hold an asset for a specified purpose and not for an individual person…e.g. trusts for charitable purposes (don’t raise obligations to benefit any one person as such‚ but raise benefits for a specific purpose)
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OUTLINE OF LECTURE IN LAW ON CONTRACTS (Defective Contracts) 1. Defective contracts a. Rescissible contract – valid until rescinded; b. Voidable contract – valid until annulled; c. Unenforceable contract – cannot be sued upon or enforced unless ratified; d. Void contract – no effect at all‚ cannot be ratified or validated 2. Rescission Rescission is the remedy granted by law to the contracting parties and sometimes even to third persons in order to recover indemnity
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015e.fm Page 1 Monday‚ March 27‚ 2006 11:41 AM LAWS OF MALAYSIA REPRINT Act 15 SEDITION ACT 1948 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION ‚ MALAYSIA UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968 IN COLLABORATION WITH MALAYAN LAW JOURNAL SDN BHD AND PERCETAKAN NASIONAL MALAYSIA BHD 2006 015e.fm Page 2 Monday‚ March 27‚ 2006 11:41 AM 2 SEDITION ACT 1948 First enacted … … … … … … 1948 (Ordinance
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The Role of Law in society Law has its roots in the very fabric of society from Arabic codes to Genesis. Adam could not intercede for Eve with God and lost everything they had in Eden. Moses was given the ten commandments and the rule of law for the Hebrews was written in stone. For the Arabs‚ Romans and Greek‚ codes of law were written by the king’s counselors to ensure an orderly society. The law guarantees human rights The role law plays in society is to guarantee the rights of those who
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JOURNAL OF LAW AND SOCIETY VOLUME 20‚ NUMBER 4‚ WINTER 1993 0263-323X Marx and Law ANDREW VINCENT* There is no sense in which Marx can be described as just a legal theorist. He did not write any systematic works on legal science or jurisprudence; however‚ his observations on law are both immensely penetrating and contain an extremely subtle interweaving of philosophical‚ political‚ economic‚ and legal strands. Marx was also at the centre of many crucial intellectual and political debates
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and Rights Rule of Law- What is it? ( “Rule of Law”‚ The Gale Group) a.i) The rule of law is a system in which the following four universal principles are upheld: a.ii) The government and its officials and agents as well as individuals and private entities are accountable under the law. a.iii) The laws are clear‚ publicized‚ stable and just‚ are applied evenly‚ and protect fundamental rights‚ including the security of persons and property. a.iv) The process by which the laws are enacted‚ administered
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Economics Week 1 Economic Laws Trudy Mullins Grantham University When asked should every nation be democratic and free‚ would bring up lots of discussion. Most would tell you they would like to see that‚ yet in their mind they know it isn’t possible. All know that when nations are all not democratic‚ this concept makes the world go round. Because of the different cultures‚ religions‚ and government premises‚ makes it almost impossible for all nations to be democratic. Democracy‚
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Question 1: Issue The issue of this question is whether Samuel willingly entered into a legitimate sale of goods contract with the shop in Orchard Road. Rule of Law The law on this issue is found in the common law and under stature law. In Preston Corporation Sdn Bhd v Edward Leong (1982)‚ an offer was defined as a willingness to be bound by the terms of an agreement. Therefore‚ it is clearly stated that Samuel is willingly and has agreed to enter into a contract by signing on a receipt
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