ASPECTS OF CONTRACT LAW 1) A contract by definition is a form of agreement that binds two or more parties who can involve in a legal relationship and will be bound to perform according to the terms and conditions that are agreed upon in the contract. 2) The essential elements of a contract are: Agreement: it is determined by the regulations of offer and acceptance. It is the most essential element and the very first one. An agreement is made when the offerer proposes his offer and the offerree accepts
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Murabaha - as a mode of finance Originally‚ murabahah was a particular type of sale and not a mode of financing. The ideal mode of financing according to Shariah are mudarabah or musharakah. However in the perspective of the current economic circumstance there are certain practical difficulties in using mudarabah and musharakah as instruments in every type of financing. Therefore‚ the contemporary Shariah experts have allowed‚ subject to certain conditions‚ the use of murabahah on a deferred payment
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financial instruments or “contract whose value is derived from the performance of underlying market factors‚ such as market securities‚ interest rates‚ currency exchange rates and commodity‚ credit and equity prices. Derivatives generally involve an agreement between two parties to exchange a standard quantity of an asset or cash flow at a predetermined price and at a specified date in the future. The derivatives markets are the financial markets for derivatives. The market can be divided into two groups
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those 6 years ‚ Pro Golf and FFA’situation evolved. They came from no official agency agreement – legally‚ an agent is someone who has authority to create legal relations between a person known as a ’principal’ (in this case Pro Golf) and others – to an official trademark agreement – which is a contract under which the owner of a copyright (in this case Pro Golf)‚ allows a licensee (here FFA) to use‚ make‚ or sell copies of the original brand. This changes make us understand the strong link between
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of Contracts‚ Social Agreements‚ and Employment Contract for better concepts as a part of the Mid Term Assignment. | Contracts A contract is an agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation‚ which may have elements in writing‚ though contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. Example 1 My cousin wanted to go abroad for his job he wanted to sell his bike in market I also
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Ryans and the Dorans because the contract has all four elements: an agreement‚ consideration‚ contractual capacity‚ and legality. The first essential element of a valid contract is an agreement including an offer and an acceptance (Miller‚ 2008). There is a valid offer and acceptance in this purchase and sale agreement. Paragraph 1‚ 2‚ and 3 state that John K. Ryan and Anna G. Ryan hereinafter called the seller‚ agrees to sell and Ronald B. Doran & Debra A. Doran‚ hereinafter called the buyer or
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II OF CONTRACTS‚ VOIDABLE CONTRACTS AND VOID AGREEMENTS 10. What agreements are contracts 11. Who are competent to contract 12. What is a sound mind for the purposes of contracting 13. "Consent” defined 14. "Free consent" defined 15. "Coercion" defined 16. "Undue influence" defined 17. "Fraud" defined 18. "Misrepresentation" defined 19. Viodability of agreements without free consent 19A. Power to set aside contract induced by undue influence 20. Agreement void where both parties are under mistake as
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contract for the sale of goods there must be the ordinary elements of a contract plus: goods‚ money consideration‚ transfer of property (s1) Sale and agreement to sell: The Term “Contract for the sale of goods” includes (See section 1(3)). a) A sale of goods (executed) “I will sell you this book” b) An agreement to sell goods (executor) “I will sell you the book when the order arrives”. 1. A sale occurs when the ownership of the goods is transferred at the time of a contract. The rights of the parties:
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“We can all benefit from learning to influence‚ persuade‚ negotiate‚ train and sell to others in a variety of contexts from direct selling to clients to coaching‚ team building‚ appraising‚ motivating and leading” (Atkinson‚ 2012). Rhetoric is a tool that we can use throughout our careers and in our daily lives. I will be defining rhetoric‚ listing the benefits of persuasion‚ the five stages of the persuasion process‚ and how I feel persuasion will help me in my profession. Rhetoric is “the art
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its own parts line. Cameron hired four design engineers and‚ by 2003‚ came up with a flexible coupling idea that would entice international buyers and not just the Big Three automakers. Cameron was then faced with the dilemma of how to market and sell the product.
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