Consideration In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas). This excludes promises of love and affection‚ gaming and betting etc. A one sided promise
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LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
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Bronco Sales Company Master Budget Analysis By: Chief Budget Officer Joshua Fryhover 100 University Drive Edmond‚ OK 73034 Analysis: The Chief Budget Officer of Bronco Sales Company has created the following Master Budget for B.S.C’s upper management. This following presentation provides all of the necessary individual budgets along with an analysis‚ recommendations‚ and conclusion section‚ for the operating period beginning July 1 and ending September 30. All of
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Four key values and ethical considerations at that I consider most important when establishing /conducting treatment groups are respect and dignity‚ empowerment‚ individualization‚ and understanding/respect/camaraderie among people from diverse backgrounds. Respect and dignity is important when I practice social work because it helps me to provide services regardless of circumstances. For example‚ when providing services to someone whom I do not agree with their behavior I must treat them with
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Budget Management Analysis Budget Management Analysis A budget is a tool that helps managers to ensure that the required resources are obtained and used effectively and efficiently as the organization moves towards achievement of its objectives. A budget is stated in terms of money and is usually made for one year depending either on the prior year’s budget or on existing programs (Cleverly & Cameron‚ 2007‚ p. 330). Creating a working budget is a very difficult undertaking‚ and for the budget
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* State of Connecticut * CAFR – Budget Analysis * Nondiscretionary Fiscal Policy Nondiscretionary fiscal policy is characterized by government policy that is enacted with the intension of either stimulating or stifling the economy to meet the economy’s needs. Present day fiscal policies are often a result of nondiscretionary fiscal policy enacted years ago and serve a present-day purpose of stabilizing the economy. For this reason‚ actions of nondiscretionary fiscal policy are often
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CAFR Budget Analysis Report – City of St. Louis‚ Missouri CAFR Budget Analysis Report St. Louis first became legally incorporated as a town on November 9‚ 1809‚ though it elected its first municipal legislators (called trustees) in 1808. On August 22‚ 1876 the City of St. Louis voted to secede from St. Louis County and become an independent city‚ a move that was not a healthy decision still today. A review of the budget for the City of St. Louis is located using the following link http://stlouis
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Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
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Store Budget Analysis Paper Hilton Glynn‚ Steven Briggs‚ Courtney Mercer‚ and Scott Langer ACC/561 6 June 2010 William Wyngaard Guillermo Furniture Store Budget Analysis Paper According to Horngren‚ Sundem‚ Stratton‚ Burgstahler‚ and Schatzberg (2008)‚ a study suggested that more than 150 organizations in North America listed budgeting as the most frequently used cost-management tool. This indicates that the importance of Guillermo’s budget cannot be over-stated. A budget establishes
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The Legal and Ethical Considerations of Marketing in America Paper Evolution of the Market Orientation explains why marketing is a driving force in the modern global economy. First of all‚ the first stage was covered up until the early years of the 1920’s‚ in the United States‚ called the ‘production era’. Goods were scarce and buyers were willing to accept virtually any goods that were available and make do with them. The ‘sales era’ picked up right after the early 1920’s to the 1960’s
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