Week 5 Final Paper Betty Poppins Bus 311 Instructor Brandy Krectzburg 7/01/13 Business Contracts: Protocol‚ Laws & Ethicality There are various kinds of contracts which arise within our business world today; contracts are an essential component to business livelihood. Although a contract is an agreement‚ not all agreements are valid contractual obligations. In order for any contract to be an official and legally binding agreement‚ there are essential requirements which must
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Role and Functions of Law Paper Salvador Samuel Siegel LAW/421 August 21‚ 2013 Craig Parker Role and Functions of Law Paper According to "Business Law" (2007)‚ “Business law addresses statutes and regulations affecting businesses‚ families‚ and individuals. Businesses operate in an increasingly global environment where the laws of different governments and judicial systems might conflict. Law has been defined in many ways.” (para. 1). A body of rules of action or conduct prescribed by a controlling
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Harvey vs Facey. Harvey sent a telegram to Facey starting ‘Will you sell us Bumper Hall Pen? Telegraph lowest price’. Face replied‚ “ Lowest price 900 POUND. Harvey telegraphed back‚ “ We agree to buy for 900 Pound.’ Face declined to sell and Harvey brought the matter to court. The court held that Facey’s reply was not an offer to sell for 900Pound but was only merely furnishing information which later may or may not be used in negotiations leading to sale. Patridge vs Crittenden Patridge inserted
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| Unit 3 Assignment | LS311- Business Law | | In this paper I will go over three different scenarios and discuss the types of crimes that took place. | Scenario 1 While passing Makoto’s house one night‚ Sarah see a laptop computer left unattended on Makoto’s porch. Sarah takes the computer‚ carries it home‚ and tells everyone she owns it. In this scenario the crime is larceny. Larceny is the unlawful taking and carrying away of someone else’s property with the intent to permanently
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Functions and Roles of Law in Business and Society Patricia Hackley LAW 421 April 15‚ 2013 C. J. Hughes Abstract A review of the Constitution‚ the Bill of Rights and the Code of Conduct will be discussed for a better understanding of it role in business. Businesses have operated for years but the interest lies in the development of and reasons for code of conduct; with the Constitution and Bill of Rights identifying the rights of the companies and the people. According to CFA Institute
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Law and Corporate Managers – Prof. Larry Franklin Question Two A. (i) For refusal In order to honor the LC‚ the Seller has to comply exactly with the terms of the letter of credit. There are numerous typo errors in the LC and misspellings of the destination port and the Seller name‚ hence only a waiver of the discrepancies from JFTC will enable Bank of China to pay the Seller. As long as the waiver is not received‚ the BOC cannot make any payments. BOC has to state why it is not going to
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There are four main elements that must be in a contract to deem it valid. The first of which is an offer. The offer is the initial start to any interaction from one or more parties intending to enter into a contract. An offer is defined as‚ the price at which an individual is willing to sell a security or commodity. This is the opposite of bid‚ which is the price at which an individual is willing to buy a security. An offer is the same as an Ask. The person to make the offer or have something
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Stephanie Van Horn Case 11-4 Dorris Reed‚ the plaintiff‚ purchased a home from Robert King. Robert King and his real estate agent did not tell Dorris Reed that a woman and her four children were murdered 10 years ago‚ because the murder would affect the value of the home. Dorris Reed‚ however‚ did find out about the murder from a neighbor and sued Robert King and his real estate agent for rescission and damages. Dorris Reed paid $76‚000 for the home but the value of the house‚ once the murder
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LGBT people face serious discrimination in employment‚ including being fired‚ being denied a promotion and experiencing harassment on the job. In 29 states‚ there is no state law protecting a gay‚ lesbian‚ or bisexual person from being fired just because of who they are (Human Rights Campaign). In 33 states‚ there is no state law protecting a transgendered individual from being fired just because of who they are. (Human Rights Campaign) Generally heterosexual people aren’t fired because of their sexuality
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The existence of contract law is to prevent any sort of illegal behaviour‚ injustice and to clarify any confusion or misunderstanding amongst the offerror and the offeree. Everybody in this world is an offeree as we all purchase goods and services to meet our personal needs and if our expectations are not met‚ there is a problem which is why the contract is created for both parties to follow. However‚ if either of them fails to do so‚ then they are in breach of contract and the aggrieved party has
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