PAPER – CONTRACT 1 Define contract. Explain the essentials of valid contract. A voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. 1. Essentials of a valid contract All agreements are not contracts. Only that agreements which is enforceable at law is a contract. An agreement which is enforceable at law cannot be contract. Thus
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------------------------------------------------- ------------------------------------------------- ZZZ Best Company‚ Inc. ------------------------------------------------- Case Study 2 ------------------------------------------------- Due Date: March 30‚2010 ZZZ Best‚ Case 1. Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31‚ 1986. How does a
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In Malaysia‚ our contract law is basically governed and enforced by the Contract Act 1950. The remedy of specific performance presupposes the existence of a valid contract between the parties to the controversy. The terms of the contract must be definite and certain. This is significant because equity cannot be expected to enforce either an invalid contract or one that is so vague in its terms that equity cannot determine exactly what it must order each party to perform. It would be unjust for a
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INDEX PAGE INTODUCTION OF INFORMATION TECHNOLOGY 3 DEFINITION OF INFORMATION TECHNOLOGY 3 COMPANY PROFILE Profile 4 Vision and Mission 4 INFORMATION SYSTEM IN PNB PNB IT Setup * IT Setup 4 * Network Design 4 * Storage 5 * WAN & Connectivity 5 * Security Systems 5 * Hardware & Software Resources 6 Organizations Other Computing Resource * Payroll TPS 6 * Online Assistance
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Regan Thermal System Inc Case Regan Thermal System Inc was founded 9 years ago by brother and sister Carrington and Genevieve Regan. The company manufactures and installs commercial heating‚ ventilation‚ and cooling (HVAC) units. Ragan has experienced rapid growth because of a propriety technology that increases the energy efficiency of its system. The company is equally owned by Carrington and Genevieve. The original agreement between the siblings gave each 50‚000 shares of stock. In the event
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Brochure More information from http://www.researchandmarkets.com/reports/2037160/ Asiana Airlines Inc. (20560): Company Profile and SWOT Analysis Description: Synopsis World Market Intelligence’s ’Asiana Airlines Inc. (20560): Company Profile and SWOT Analysis’ contains in depth information and data about the company and its operations. The profile contains a company overview‚ business description‚ financial ratios‚ SWOT analysis‚ competitive benchmarking‚ key facts‚ key employees‚ location and
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CONTRACT AND RELATED OBLIGATION Prof. Hillman I) Theories of Obligation A) CONTRACT: Agreement with Consideration – Bargain Theory of Consideration Definition: A promise that is supported by consideration because the promisor gets something (extracts) from the promissee in exchange for the promise. Ex: I tell Alice I will sell her my piano for 400 dollars and she agrees. I promised my piano in exchange for something (400 dollars) therefore my promise is enforceable. 1) Bargained
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Introduction: The question of whether contract law can absorb technological change without the need for distinctive guidelines‚ presuppositions or similar rules is highly dependent on the effects of the amendments to the Electronic Transactions Act 2000 (NSW) (“ETA”). The impact of the ETA on traditional common law principles varies depending on the level of certainty and predictability available in the circumstances and how the law applies. The suitable amount of consistency is likely to vary
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Management Information Systems‚ 13e (Laudon/Laudon) Chapter 1 Information Systems in Global Business Today 1) Internet advertising is growing at approximately 10 percent a year. Page Ref: 6 2) Developing a new product‚ fulfilling an order‚ and hiring a new employee are examples of business processes. Page Ref: 11 3) A fully digital firm produces only digital goods or services. Page Ref: 11 4) A business model describes how a company produces‚ delivers‚ and
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The central Bank and the Banking System in Morocco : The financial crisis El Ammari Mehdi Eco2302 Dr S. Koubida The financial crisis that the world is encountering now is describes as the worst of all times. It has affected almost every country in the world; creating recessions‚ increasing unemployment and the government’s deficits. However‚ Morocco in considered as one of the few exceptions. Unlike the other world’s power‚ Morocco has known an economic growth of 2% since the beginning of
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