Intention to create legal relations Statement of the Rule To create a contract there must be a common intention of the parties to enter into legal obligations‚ mutually communicated expressly or impliedly (Rose and Frank Co v JR Crompton & Bros Ltd). It is open for the parties to use express language to indicate an intent (or lack of) to impose legal obligations on each other. Alternatively‚ this intention can be impliedly from the circumstances. The courts use an objective test in making
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Intention to create legal relationship Firstly‚ both parties must have the intention to create legal relationship voluntarily in order to have a valid contract. It can be divided into domestic agreements and commercial agreements. There is a rebuttal presumption that domestic agreements are not legally binding as the court does not want to intrude private lives of families unnecessarily. In commercial agreements‚ there is a very strong rebuttable presumption that both parties have the intention
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The Hedge Fund E-Book Version 5.2 By Richard Wilson [pic] 1 I truly believe that if you spend your time helping others get what they need and want the relationships you build will bring you what you need. In this spirit I’m offering the Hedge Fund Blog Book for free To date more than 125‚000 professionals have downloaded and read this book. 2 - Richard Wilson 3 4 5 6 Brought To You By:
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Godrej and Boyce: Chotukool Case study Question and Answers Q 1. Assess the business case for Chotukool. What are the critical success factors for their product to succeed? Answer: Godrej and Boyce’s product-Chotukool is an example of Disruptive Innovation. Disruptive innovation‚ a term of art coined by Clayton Christensen‚ describes a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market‚ eventually
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Southwest Airlines: 1993 (A) - Just Plane Smart -SummaryIntroduction: During the summer of 1003‚ the company was about to receive two uncommitted airplanes. The director of schedule planning needed to find a way to put these machines to work and meeting growth objectives without damaging the company’s focus. The main decision should be compliant with the Southwest Airlines’ organizational culture. History: Southwest started in 1971‚ after going through court battles caused by competitors that
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Lawford Electric Company Case Analysis Lawford Electric Company Case Analysis In this case‚ Robert Allen‚ a Field Sales Engineer for the Systems Controls department at Lawford Electric Company‚ has lost a very large sale with Bayfield Milling. Bayfield Milling’s average annual purchases with Lawford are about $50‚000. The lost revenue on the bid discussed in the case was nearly $900‚000. The case chronologically outlines Allen’s Sales Activity log which
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Art and Intention When it came to the understanding of the art works both Marcel Duchamp’s and Michelangelo’s the reactions came for a lack of knowing what they were looking at and a lack of understanding. For Duchamp’s art piece had nothing to do with nudist or anything of the sort it was simply the act of motion. The name it was offended people the most about the “Nude Descending a Staircase” painting done by Duchamp. Now on the other hand I can believe the public had a hard time with Michelangelo’s
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Industry Analysis Used car market was a huge market with attractive growth opportunities during 1980s. It was estimated worth $ 375 billion market. Competition was so deeply fragmented that no single dealership could claim more than a few percentage points share of the used car market in any locale. New car dealerships were the largest sellers of used cars. 65 % of late model‚ used vehicles were sold by 21‚800 new car dealers through out United States. However most of these new car dealers considered
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In “Frankenstein” by Mary Shelley‚ good intentions are destroyed by ambitious‚ selfish‚ and disrespectful behavior. Frankenstein along with the creature‚ although seemingly different in personalities‚ have many characteristics that interlock with each other creating a suspenseful plot filled with good intentions that are never fully executed. Dominance is a reoccurring theme in “Frankenstein” as both Victor Frankenstein‚ himself‚ and the creature strive to be perfect in every task they preform. Although
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March 4‚ 2011 Case-Revitalizing Dell I. Diagnosis Question 1: The most critical shifts in Dell’s contextual factors‚ including industry dynamics‚ trends‚ technology changes and shift of the competitive landscape are following: The industry has changed significantly over the last 20 years. The traditional business model in the PC industry was inside-out‚ supplying machines based on orders from distribution‚ resell and retail channels‚ thus following the indirect selling concept. Dell’s direct
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