Client Understanding Destiny Perrin ACC/542 August 13‚ 2012 Mark Taylor It is our understanding that there are a few questions why further information is needed after the review of the data submitted. As part of our mission statement we ensure that all our clients’ financial data follows appropriate guidelines to ensure wellness of your company as well as investors. The first issue to be addressed is the decision to switch to lower of cost or market value method (LCM). It is understood
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Part A Contracts are an integral part of business and everyday life‚ and are fundamental to construction as the industry relies on the formation of contracts for business agreements. “Contracts are based on the idea of a bargain‚ where each side must put something into the bargain. A contract may be defined as ’an agreement which is binding on the parties’” (Galbraith‚ 1998‚ pg78). There are a number of key components which must be present in the formation of such contracts. Firstly‚ there
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and the Computer Security Institute‚ in their annual survey on computer crime and information security‚ gathered the following disturbing facts in 1998: 1) 64 percent of respondents reported a security breach in 1998 — up 16 percent from the previous year; 2) security breaches cost the respondents who could quantify losses a total of $136‚822‚000 — up 35 percent over the previous year; 3) 18 percent of respondents had no idea whether or not they had been hacked; 4) only 38 percent of respondents had
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Contents Executive summery 3 Introduction 3 LO 1 A valid contract in a Business Context 3 1.1 The importance of the essential elements required for the formation of a valid contract 3 1.2 Impact of different types of contract 4 1.3 Analyze terms in contracts 5 LO 2 Elements of a contract in Business situations 6 2.1 Elements of contract in given business scenarios 6 2.2 Law on terms in different contracts 6 2.3 Effect of different terms in given contracts 7 LO 3 Negligence in Business Activities 7 3.1 Contrast
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CONTRACTS IN BUSINESS On the 10th of September an offer was distinguished between Huddersford Electronics Ltd (HE ltd) and Gem Computer Stores (GCS). The offer was an invitation to treat as there is an entitlement that an offer could accepted and therefore‚ a contract could be formed. An offer is formed as HE ltd posted an offer to sell 10 laptops to GCS‚ keeping the offer open until the 24th September. A statement is made by HE ltd who is giving information to GCS expressing an intention to sell
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claim or defense. The note was not forged however it was subject to a defense. This defense was a breach of warranty‚ Due to this breach of warranty Elmer sufferd $10‚000 in damages. This gives Elmer the right of claim and recoupment. Claim and recouoment allows the maker of the note to reduce the amount owed by to the holder.the amount of damages in a claim rising from the underlying contract. This amount however cannot be more then the amount owed. This means that a holder in due courseis
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Introduction For parties to be bound by an agreement‚ it must first be determined if a prima facie valid and enforceable contract exists. A contract can be defined as an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enforceable in a court of law [1]. For a legally binding contract to exist the following elements must be satisfied: 1. An offer must exist 2. The offer must be accepted 3
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After the colossal Equifax data breach‚ should CEO Richard F. Smith be put in jail? According to NBC‚ the breach affected up to 143 million people. This is nearly half the population of the United States. The breach revealed credit card numbers‚ social security numbers‚ addresses‚ and other information. NBC also stated the breach did not just affect Equifax customers meaning everyone should be cautious. These and other reasons are why individuals believe Richard F. Smith should be jailed. Richard
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other part‚ hereinafter called the lessee‚ both of said county and state witnessed: That the lessor‚ in consideration of the agreements and covenants hereinafter mentioned to be fulfilled by the lessee‚ both hereby demise and lease to the lessee‚ his heirs‚ executors‚ and administrators‚ for the period of ____________________. The following describe the land and premises‚ 2943 Audrey Drive‚ Gastonia‚ 28054. The total rent during said terms shall be $____________‚ lessee agrees to pay in ____
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For the reading “Guilty by Association” the main themes are on victimization‚ criminalization‚ punitive social controls‚ and acting lawful. Many of the students interviewed shared their feeling towards victimization and how it affected them. They felt they needed to navigate multiple worlds‚ in one they needed to maintain their native style and in the other they needed to embrace dominant cultural codes. They got beatings from both sides‚ from the educational system and law to family members and
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