Offer ( Topic 3) Is a proposal the acceptance of which establishes the existence of an agreement. It shows a promissory intent. In other words‚ it is a promise to do or refrain from doing something. - Usually upon condition that the other party agrees to do or refrain from doing something else in return. - Harvey v. Facey Harvey sent to Facey a telegram to buy Bumper Hall Pen. He asks Facey to telegram the lowest price. Facey telegram the lowest cash price £900. Harvey says agree to
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1. Which of the following is not an essential element of a Contract of Sale? a. Consent b. Subject Matter c. Delivery d. Price 2. What is the effect when all the three (3) elements of a valid contract of sale are present but there is a defect or illegality constituting any of such elements? a. Contract is Void. b. Contract is Voidable. c. Contract is Unenforceable d. Contract is Rescissible. 3. It takes place upon the concurrence of the essential elements
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occurred based on information that was not yet made public. Under this rule the information which affected the decision to conduct business must result in material to be found guilty of insider trading. Meaning‚ the business act had to be worth a significant loss or gain by either party involved. The main purpose of this rule was to prevent future forecasts of any business because predictions may affect buying or selling of shares and prediction may be inaccurate. Also both parties in this article are
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Applied Research Technologies‚ Inc By Instructor: BUS518 – Project Management Leadership Determine the leadership style that Peter Vyas exhibited as he considered the group’s proposal and provide examples of his behavior. Peter Vyas‚ a general manager of Applied Research Technologies (ART) in the Filtration Unit Division‚ was tasked to re-launch a mini water-oxidation product. With this opportunity‚ Peter had firsthand knowledge of the two failed attempts in the last three years to
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Law Opinion Paper Autumn Smith CJS/220 March 31‚ 2013 Lacey Martz Law Opinion Introduction In the paragraphs below I am going to examine and explain the creation of U.S. laws. In doing this I will take into consideration common law heritage. I am going to close the paper with my own opinion of what laws should and should not be a law and what should be considered when laws are made. The Creation of Laws In democracies such as ours‚ laws are the rules set by public officials. The state
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Statement of Facts: On 8 May 2015 David Smith drove his car through a red light. Afterwards‚ he then plowed into Ms. John Doe’s car‚ mangling it beyond repair. Fortunately‚ Ms. Doe escaped with minor scratches and bruises‚ even though she was seven and one-half months pregnant. Four days later she delivered a stillborn infant. The operating physicians concluded the unborn baby had died from injuries sustained in the accident. Ms. Doe had seen Dr. Horace Mann at her regularly scheduled check-up
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AGREEMENT OF The Can Do Partnership This Partnership Agreement is made on May 26‚ 2010 between Tim Couch and Bert Parker. 1. Name and Business. The parties hereby form a partnership under the name of The Can Do Partnership to produce 50-50 partners‚ giving equal say and ownership of a racehorse named Can Do. All decisions must be unanimous. 2. Term. The partnership shall be a 5-year term. 3. Purpose and Powers. 3.1 Purpose. The Partnership’s purpose shall be to: give equal
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Law Opinion Paper Leesa A. McNeil Law Opinion Paper The United States Constitution is in effect to protect civilian’s rights. The United States created laws to give a sense of order for the way in which society lives. Laws have become more defined to give a sense of order and decency; the more ancient laws faded and evolved favoring the rights of each person. Despite the fact our government has laws that appear to be obsolete; they go back to a time when morality ruled the day. As
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and Ethical Environment of Business Cristen Dutcher‚ J.D.‚ 2. Is this an online course‚ or a face to face course? The course is online and face-to-face 3. Weekly assignments are mandatory. YES or NO yes 4. Students will have __4_ tests (excluding the final exam)? What is each test’s point value? 75 points 5. What is the maximum number of points a student can receive in this class? 1000 6. What is the title of the ethics handbook? Business Ethics: Developing Analytical
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Chapter 13 Reality of Consent Effects of Doctrines Discussed in This Chapter * Voidable: person whose consent was not real has the power to rescind (cancel) the contract * Necessity for Prompt and Unequivocal Rescission * Must act promptly and unequivocally to rescind a contract * Also avoid actions that suggest that she affirms or ratifies the contract * Send mixed messages‚ delaying the notification‚ etc. Misrepresentation and Fraud * Relationship between Misrepresentation
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