acceptance * ‘Capacity or the ability to understand the consequences of a contract by persons of such age prescribed by law & those with sound mind. * ‘Mutual consent’ or agreement on the terms of a contract ‘consideration’‚ or reward for goods or services rendered. The element that distinguishes a contract from casual agreements is that it is legally binding: The law provides a remedy in the event that the promise is broken. Legally‚ certain types of contracts should be in writing‚
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| Assignment 1 | MBA 6163 Business Law | | Wan Chin HuiMBA-CUCST/F/12//03/0005(2792 Words) | | | Table of Contents Task 1 3 Task 2 6 Task 3 11 References: 15 Task 1 Mrs. Turner has decided to start her own business running a private day nursery. It is necessary for her to find appropriate premises. She sees a detached house‚ which would be appropriate‚ on the market for £200.000. After having viewed the property she decides to make a bid for the property for £150
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In the case in the text where someone purchased a used safe at an auction for $50‚ but was later found by the buyers to contain more than $30‚000 in cash‚ how did the court rule? a. There was no contract because the buyer was unjustly enriched. b. There was no contract because the act of opening the safe was not completed before the buyers took the safe. c. This was an implied-in-fact contract and the buyers were required to pay the fair value for the safe and its contents. d. There was objective
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HA2022 Business Law Tri 1‚ 2011 QUESTION 1 Sue Fairbairn is 35 years old. She is a commercial boat skipper who works for Whale Watching. She has held a commercial skipper’s licence for 15 years and is considered to be a very experienced whale watching skipper. To ensure she is always at the peak of her health she has annual medical examinations‚ which are conducted by her local doctor. Last week she was booked to take a group of tourists on a whale watching cruise leaving from Byron Bay and
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is to change the law as it applies to the general population. A minority of Private Members’ Bills becomes law but‚ by creating publicity an issue‚ they may affect legislation indirectly. Like other Public Bills‚ private Member’s Bills can be introduced in either House and must go through the same set stages. However‚ as less time is allocated to these Bills‚ it’s likely they will proceed through all stages. A Bill is a proposal for a new law‚ or proposal to change an existing law‚ presented for
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implications does it have business professionals? Answer: Now a day technology is growing rapidly. Electronically communications (e-mail) is one of the technology we use it in our everyday life in business or personal life therefore; using technology has advantages and disadvantages. In this case low expectation of privacy mean to me it has less confidentiality. However‚ even if low expectation of privacy existed we still use all kinds of electronic communication. The implication in business professional use
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COLLEGE OF BUSINESS TMC COLLEGE LAW Individual Assignment The Importance of Understanding Business Law in Malaysia PREPARED FOR Mr. William Tan PREPARED BY Ilyassova Daniya SUBMISSION DATE 2 June 2014 Table of Content No. Details Page When doing a business it is important to understand laws that apply to your business‚ laws depend on the country you live in‚ but there are many
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Sale of Goods Act‚ 1930 1. Contract of Sale – Meaning A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another [Sec 4(1)]. A contract of sale may be absolute or conditional [Sec 4(2)]. The term ‘contract of sale’ includes both a ‘sale’ and an ‘agreement to sell’. 2. Essentials of a Contract of Sale (Refer text for details) a. Two Parties: There
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Contents Food Safety as Determined by FSMA Laws and Regulations Food safety is a necessity everywhere. It starts from simple hygiene rules like washing of hands before eating and keeping the foodstuff under recommended temperatures. However‚ rising numbers of food poisoning and the subsequent food borne illnesses have made people keener on what they are eating and the sources of such foods. Every person is conscious of what gets into their stomach in terms of food right from the one
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than good.” Discuss. In general‚ advertisements promote products or services to the public. Advertisers use all sorts of gimmicks to promote their own product. For example‚ fast-food restaurants promise attractive toys and prizes in “scratch and win” competitions. As a result‚ children badger their parents to take them to that particular fast-food restaurant. Many advertisements make misleading claims and promise instant solutions to people’s problems. For example‚ an advertisement may depict a pimply
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