BUS201 Contract and Agency Law Group Based Case Study Bai Kailin Q0806156 Question 1 A tender is also considered as an offer. Tenders refers to a process by which one can seek prices and terms for a particular project (such as a construction job in this case) to be carried out under a contract. The sealed offers themselves‚ including company information‚ a project outline‚ and a price quote‚ are known as tenders or bids. Since Beng Huay Construction Pte Ltd submitted the most competitive
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The main role of an advertising agency is to promote and advertise any businesses products or services on offer for a company or an organisation. The advertising agency would be paid for their services by the company they are advertising for. The reason why businesses might advertise there products through an advertising agency is because it can save them a lot of time which may be needed to concentrate on other business ideas. Advertising is a wider range of communication used as a form of promotion;
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Board games have many benefits. To one person it just passes time and to another person it helps with strategy skills. According to Alvin Rosenfeld‚ He states‚ “Nothing bolsters his (or hers) self-esteem more! So why not pull out an old board game tonight? Playing games is an easy and excellent way to spend unhurried‚ enjoyable time together. As an added bonus‚ board games are also rich in learning opportunities” (http://www2.scholastic.com/browse/article.jsp?id=2060). Although it is posted more
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Payment‚ similar to consideration‚ is one of the four elements of a contract. Consideration is something of value in a contract or agreement between two parties. Both parties must be providing something of value to the other party. It is an act or promise to do (or not to do) something in return for value and the value given is enforceable. All the law need is ‘valuable consideration ’. For example‚ if Jack has offered to pay S$10 for a hammer worth S$100‚ that is considered valuable consideration
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ADVERTISING AGENCY The advertising agency is a highly specialized business machine for digesting an advertiser’s selling problems and producing ideas for increasing his sales‚ his reputation and his profits. Its started as a space peddler‚ buying space in media wholesale and selling it retail. The Marketing Department for any advertising agency is vital and important‚ and being an advertising agency the marketing department should be strong enough
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The NHL Board of Governors is the ruling and governing body of the NHL‚ and each team in the league is a member. The NHL Board of Governors aims to establish the policies of the National Hockey League‚ uphold its constitution and monitor any changes to the game in North America. The Board of Governors is an advisory board to the Board of Regents‚ the College’s policy-making body. The Board is comprised of popularly elected Governors who implement national projects and initiatives at the chapter level
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Agency Theory A theory that explains the relationship between principals and agents in business (In this relationship‚ the principal hires an agent to do the work‚ or to perform a task the principal is unable or unwilling to do. For example‚ in corporations‚ the principals are the shareholders of a company‚ delegating to the agent i.e. the management of the company‚ to perform tasks on their behalf.) Agency theory is concerned with resolving problems that can exist in agency relationships;
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JOB DESCRIPTION Director of Medical Education (DME) The Director of Medical Education is responsible for maintaining and developing the profile of education within the organisation and promoting high quality education. They should develop a local strategy for medical and dental education‚ be responsible for the Business of Medical Education and Training and for ensuring the delivery of the Deanery Educational Contract. They will have a close professional relationship with the Dean/Deanery to
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Background and development of the STB as the NTO. Singapore Tourism Board (STB)‚ which was formally known as Singapore Tourist Promotion Board (STPB)‚ was formulated to increase Singapore’s attractiveness to tourists. It’s primary roles were to coordinate activities with tourist enterprises‚ enhance and develop the infrastructure and superstructure of tourist facilities and attractions‚ regulate policies and standards within the tourism industry‚ and continually market Singapore as a tourism destination
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2.4 The Purpose of the implementation of Codes of Ethics of the Directors in Corporate Governance. At the quarter of the 20th century‚ as technologies like internet have made world business or international business all more viable‚ the business ethics domestically have grown in importance along with the power and significance of major businesses. So that‚ directors code of ethics take center stage as a major concern of the modern era as most of the business are dealing with an international business
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