"3 essential elements of a valid contract" Essays and Research Papers

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    Essential Fatty Acids

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    Essential Fatty Acids (EFAs) are fats that are required by the human body‚ but cannot be made by the body; therefore they must be obtained from external forces such as food. EFAs are the building blocks of all fats and oils and are required for both metabolic processes and for fuel. EFAs form the main component in the fats carried in our blood stream (triglycerides)‚ fats stored in our bodies and of cell membranes (phospholipids). (Erasmus‚ 1993)‚ (Wikipedia‚ Essential Fatty Acids‚ 2012) Two fundamental

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    Contract Law

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    Law of Agency – the Contracts Act 1950 Great Northern Railway Co v Swaffield states that where impossible to get principal’s instructions‚ the agent’s action is necessary to prevent loss and the agent has acted in good faith‚ an agency of necessity arises. The Contracts Act 1950 states that an agent has to obey principal’s instructions. The Contracts Act 1950 states that an agent has to be careful‚ diligent and use any skill that he may

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    Contract Law

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    BUSINESS LAW ASSIGNMENT ------------------------------------------------- “To create a binding agreement the acceptance must occur‚ and that ‘acceptance’ must be final and absolutely unconditional. This is clear under Australian contract law.” ------------------------------------------------- ------------------------------------------------- Discuss the accuracy of this statement. In order to discuss the accuracy of this statement we must first understand the concept of ‘acceptance’.

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    Prefatory Elements

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    are the prefatory elements for a report? * Letter of Transmittal * Submission Page * Summary/Abstract * Title Page * Table of Contents * Glossary 2. Why are abstracts and summaries the most important prefatory elements? * The abstract and the summary are a crucial part of a report as they may be the only section read by people at the executive or managerial level who must make decisions based on what they read in the abstract or the summary. 3. How does an informative

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    Indian Contract Act

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    THE INDIAN CONTRACT ACT‚ 1872 CONTRACT Section 2(h) defines a contract as “an agreement enforceable by law” Thus to make a contract there must be – (i) an agreement (ii) the agreement should be enforceable by law. All agreements are not enforceable by law and‚ therefore‚ all agreements are not contracts. Some agreements may be enforceable by law and others not. For example‚ an agreement to sell a radio set may be a contract‚ but an agreement to go to see a movie may

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    Government Contracts

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    is this class about‚” I thought to myself when I first registered for the Intro to Acquisition and Contract Management Class. Once I attended the class‚ I quickly realized that Government contracting is a big deal‚ because this is how the Government procures their goods and services. The U.S. federal government is the leading consumer of goods and services in the world‚ awarding Billions in contracts every year. There are rules and regulations mandated by Congress that have to be followed when procuring

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    Contract Awarded

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    FUNDED PROVINCIAL ROAD DEVELOPMENT PROJECT IN CENTRAL & SABARAGAMUWA PROVINCES – LOAN NO. SL-P96 Details of Awarded Packages under Phase I Contracts in Central & Sabaragamuwa Provinces Province |District |Name of Package |Name of Road |Length (km) |Name & Address of Awarded Contractor |Engineer’s Estimate Amount – Without VAT (SL. Rs.) |Contract Amount without VAT (SL. Rs.) |Actual Date of Commencement/ Date of Award |Date to be Completion | |Central |Kandy |CP1KD1 |Theldeniya – Cobests

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    Employee Contract

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    Managerial approval for your timecard each week. A lack of approval may result in your time not being processed for payroll until an approval is received. By initialing‚ you are confirming your understanding and participation in this policy: ______. 3. Start Date. Subject to fulfillment of any conditions imposed by this letter agreement‚ you will commence this new position on ______________‚ or as determined by the client or Rylem. 4. Proof of Right to Work. For purposes of federal immigration law

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    Contract Negotiation

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    Contract Creation and Management Simulation LAW/531 In the contract creation and management simulation involving Span Systems and Citizen-Schwarz AG (C-S) the conflict involved and possible resolutions could be beneficial or catastrophic for both companies. Legal risks for corporations in the process of implementation and development of a program are many. To prevent this there must be direct‚ quantifiable benchmarks that are acknowledged by all parties involved. Any contract ambiguity that

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    Discharge of Contract

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    (6)Discharge by Agreement or Consent The contract rests on the agreement of the parties. The parties may get discharged from the obligations of performance of contract by agreement or mutual consent. By Agreement or Consent • By novation • By “accord and satisfaction” • By remission and waiver The discharge by consent may be express or implied. Discharge by consent:- (a)Novation: When a new contract is substituted for an existing one‚ either between the same parties or between the one of

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