(6)Discharge by Agreement or Consent The contract rests on the agreement of the parties. The parties may get discharged from the obligations of performance of contract by agreement or mutual consent. By Agreement or Consent • By novation • By “accord and satisfaction” • By remission and waiver The discharge by consent may be express or implied. Discharge by consent:- (a)Novation: When a new contract is substituted for an existing one‚ either between the same parties or between the one of
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LOOKING FOR A WIN-WIN SITUATION This past weekend marks the largest contract signing in Major League Baseball history. On the 12th of February 2000‚ Ken Griffey Jr. (formerly of the Seattle Mariners)‚ signed a nine-year $116.5 million contract with his hometown Cincinnati Reds. The city’s fans were ecstatic to bring Griffey back‚ and considering he turned down an eight-year $148 million deal to re-sign with Seattle‚ they feel that the acquisition was a real bargain. It really is amazing when
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Defective Contracts Contract Classification Basis of Defect Status of the Contract Legal Effects Prescriptive Period Ratifiability A.Rescissible There is damage or injury either to one of the contracting parties or to a third person. Valid Considered valid and enforceable until they are rescinded by a competent court. The action for prescription may prescribe. NO 1. Contracts entered into in behalf of wards 2. Contracts agreed upon in representation of absentees 3. Contracts undertaken
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Musical Elements In the process of analyzing musical elements of a work‚ one must direct one’s attention to such matters such as: Song Form – Binary (A-B-A-B) ‚ Linear (A-A-A)‚ Open‚ Suite‚ etc. Dynamics – Such as: Soft/Loud (piano-forte)‚ Rit.‚ Performance Expression‚ Cresendo Decresendo‚ Articulations (‚ legato‚ staccato‚ etc.) (Music without dynamics or expressions can easily become sterile.) Time Signature/Meter – Look for consistencies or changes in meter‚ tempo‚ feel‚ musical style
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LAW OF CONTRACT The Law of Contract is that branch of law which determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties. Indian Contract Act‚ 1872 came into effect from 1st September‚ 1872. It extends after
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enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5‚000 ounces. The initial margin is $4‚000‚ and the maintenance margin is $3‚000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? Problem 5.2. What is the difference between the forward price and the value of a forward contract? Problem 5.3. Suppose that you enter into a six-month forward contract on a non-dividend-paying stock
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Journal of Psychology and Theology 2005‚ Vol. 33‚ No. 2‚ 113-121 Copyright 2005 by Rosemead School of Psychology Biola University‚ 0091-6471/410-730 INTERVENTIONS THAT APPLY SCRIPTURE IN PSYCHOTHERAPY FERNANDO GARZON Regent University Christian therapists are sometimes challenged in their work with appropriately religious clients to develop treatment components that incorporate the Bible. Utilizing a case study format‚ this article describes various intervention strategies available for
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Voidable contract is a contract that has legal effect and force when it is made‚ but is liable to be subsequently annulled or set aside by the courts through the process of recission. Due to the section 10 of the Contracts Act provides‚ all agreements are contracts if they are made by the free consent of the parties competent to contract. As what i’ve been thought and my understanding‚ there are five causes which lead to the voidable contract. They are : 1. Coercion (S.15) 2. Undue influence (S.16)
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Formation of Contract 2 Offer ............................................................................................................... 2 Acceptance ................................................................................................... 4 Certainty ........................................................................................................5 Consideration ............................................................................................... 6
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Nosich’s “The Elements of Reasoning” and Elder’s “The Standards for Thinking” both focus on various techniques people can adopt to become better critical thinkers. According to Nosich‚ two conditions must exist to be considered critical thinking: the thinking must be reflective and it must meet high standards. These two conditions lead us into the eights elements of reasoning presented in the readings. The first element focused on is “Purpose‚” which includes objectives‚ goals‚ your desired outcome
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