Contract closing a method of costing large projects‚ where the contracted work will run over several accounting periods Every organisation will have its own costing system with characteristics which are unique to that particular system. However‚ although each system might be different‚ the basic costing method used by the organisation is likely to depend on the type of activity that the organisation is engaged in. The costing system would have the same basic characteristics as the systems
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over eighteen and are of sound mind and in the each scenario they intend to enter a legally binding contract. For a contract to come into existence there have to be three steps involved: • Agreement (Offer and Acceptance) • Consideration • Intention to create legal relations All three scenarios are supported by “consideration”. The general idea of consideration is that contracts involve an exchange in which both parties give something in exchange for the promise of the other
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Faculty of Business and Law UWE BA (Hons) Tourism Management– Year 2 Module: Human Resource Management (UMPD3E -20-2) Module Leader: Anthony Fenley Student Number: 12022651 Definition The psychological contract has been defined as ’A set of unwritten reciprocal expectations between an individual employee and the organization’ (Schein‚ 1978) and ’…the perceptions of the two parties‚ employee and employer‚ of what their mutual obligations are towards each other’ (Guest and Conway
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Islam A Complete Way Of Life A Complete Way Of Life ! Islam is a religion‚ but not in the western meaning of religion. The western connotation of the term "religion" is something between the believer and God. Islam is a religion that organizes all aspects of life on both the individual and national levels. Islam organizes your relations with God‚ with yourself‚ with your children‚ with your relatives‚ with your neighbor‚ with your guest‚ and with other brethren. Islam clearly establishes
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Composite materials A composite material consists of two or more physically and/or chemically distinct‚ suitably arranged or distributed phases‚ with an interface separating them. It has characteristics that are not depicted by any of the components in isolation Most commonly‚ composite materials have a bulk phase‚ which is continuous‚ called the matrix‚ and one dispersed‚ non-continuous‚ phase called the reinforcement‚ which is usually harder and stronger. The arrangement of the fiber in the matrix
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A SUMMER TRAINING REPORT ON MARKETING STRATEGY OF NIKE AT “NIKESHOES INDUSTRIES LIMITED” SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF BACHELOR OF BUSINESS ADMINISTRATION (BBA) TRAINING SUPERVISOR SUBMITTED BY SESSION 2005-2008 ACKNOWLEDGEMENT The present work is an effort to throw some light on Marketing Strategy of Nike at “Nike Industries Limited”. The work would not have been possible to come to the present shape without the able guidance‚ supervision and help
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Why do they call these contracts derivatives? Where is the optionality in these contracts? Weather derivatives structures commonly used are: i) cap - a call option; ii) Floor - a put option; iii) Collar - a put and a call option‚ usually with little or no premium; iv) Swap - a derivative with a profit and loss profile of a futures contract v) Digital option - an option that pays either a predetermined amount if acertain temperature or degree day level is reached‚ or nothing at all in other
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Conscious purpose‚ decision not desire (Hyam) 3. Foresight of certainty (Woollin) 4. Knowledge of chance of consequences fulfils malice requirement (Coleman); transferred malice (intent to kill some1 else) 5. "Grievous bodily harm" includes(s 4): (a) the destruction of foetus‚ whether or not the woman suffers any other harm‚ and (b) any permanent or serious disfiguring of the person‚ and (c) any grievous bodily disease (causing a person to contract a grievous bodily disease). iii. Reckless
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Definition Bilateral Contract A bilateral contract is a legal agreement formed between two parties where both parties involved give mutual promises that they both are legally obligated to perform an act in exchange for the other party’s act in future. It means the promise of one party is consideration supporting the promise of the other party. Each party is both promisor and promisee. A bilateral contract specifies a duty to act in exchange for another party’s duty to act. It is also called "reciprocal"
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CONTRACT LAW NOTES It is a legal enforceable agreement entered into by two or more different persons with legal capacity. The parties should have serious intention to create legally binding obligations. Their agreement needs to be within parities’ contractual capacity. Furthermore‚ parties should communicate such intention without vagueness each to the other and being of the same mind to the subject matter. Essentials of a contract a) it should be lawful b) possible of performance c) within
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