Promissory Estoppel Promissory Estoppel Defined Sometimes an agreement without consideration will be enforced. This happens when a promise which foreseeably induces promisee to act or forebear becomes binding because injustice can only be avoided by enforcement of the promise. Promise A promise is an assurance‚ in whatever form or expression that a thing will or will not be done. Actual Reliance The promisee must actually and justifiably rely on the promise by the other.
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Factors That Affect Life Insurance Industry Solvency BY Gilbert Chan 1030200020 Finance Terry Lu 1030200075 Finance A Business Project Submitted to the Division of Business and Management in Partial Fulfilment of the Graduation Requirement for the Degree of Bachelor of Business Administration (Honours) Beijing Normal University – Hong Kong Baptist University United International College April 2014 Acknowledgment First and foremost‚ my deepest gratitude goes to our supervisor
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Validity A really important aspect that has emerged in our project is validity which must be put into consideration when developing and evaluating a language test‚ since it will allow us to evaluate the utility and appropriateness of the test for our particular purpose and context. Therefore‚ the validity of a test can only be established through a process of validation and in order to carry it out‚ a validation study has to be undertaken‚ on the basis of arriving at a conclusion as to whether
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For example‚ if the offeror states that the acceptance must come via fax and no other method is allowed‚ it is the only form that can be accepted. In order for a binding contract to be created‚ there must be consideration in order for it to become legally sufficient. The consideration in contracts is when one party for a specific promise gives something of value from the other party stated in the contract.
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Term paper Camel Analysis SBI Commercial and International Bank SBI Commercial and International Bank‚ (SBICI) SBICI Bank is a wholly owned subsidiary of India’s premier banking and financial services group‚ State Bank of India‚ and functions as. a Private Sector Bank with high quality standards. Established in 1995 to back SBI’s corporate and international banking services‚ the SBI Commercial and International Bank is the only bank in India to be been awarded ISO-9002 quality systems certification
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objective theory of contracts? The intent is determined by objective facts‚ not by the personal or subjective intent‚ or belief of a party. 2. What are the four basic elements necessary to the formation of a valid contract? 1) Agreement 2) Consideration 3) capacity 4) legality 3. What is the difference between an implied-in-the fact contract and an implied-in-law contract (quasi contract)? The differences the implied-in-the fact contract is from the conduct of the parties and an implied-in-law
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analysis and evaluation of Newbridge’s proposed investment into Shenzhen Development Bank. Methods of analysis include an assessment of the bank’s financial performance‚ examining factors such as its asset quality‚ earning capability and capital adequacy. It also provides an in-depth analysis into the appropriateness of the price Newbridge must pay for the stake‚ given some set circumstances. All graphs‚ tables and exhibits for the analysis can be found in the appendices of this report. Our assessment
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further exacerbated by the increased application of regulatory control. In the wake of the recent global financial crisis‚ banking institutions have been placed under the spotlight and their capital adequacy levels come into question. A need was identified to investigate the impact that capital adequacy has on a bank‟s performance and whether it achieves its purpose of increasing stability amongst banks. This study analysed the determinants of the capital structure of banks in South Africa based on
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AP-3: ⇒Audit Program for Accounts Receivable Company Balance Sheet Date | | | The company has the following general ledger accounts that are classified in the accounts‚ notes‚ or other receivables captions of the | |balance sheet:
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measuring and the second one is the extent to which a research delivers consistent results. Validity and reliability measurement instruments are free of bias and random error. Haynes and Heiby (2004‚ p.47) propose some questions addressing sampling adequacy such as: Is the simple sufficiently large to minimize sampling errors? Are the contents of the simple representative? Are the contents of the sample relevant? Does the way the sample data are gathered lead to a representative sample? They suggest
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