there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom the promise is made. The term consideration is given to the subject that is exchanged in a contract.1 It is a fundamental prerequisite in English contract law. 2 The courts has explained the
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party or some forbearance‚ detriment‚ loss or responsibility‚ given‚ suffered or undertaken by the other”. In relation to Rent a Tents contract with Susie the terms of the contract are that in return for Rent a Tent providing a marquee for the birthday weekend Susie will pay £2‚000. This is a binding contract as the several requirements to make a binding contract are‚ offer and acceptance‚ intention to create legal relations and consideration. ‘. However Rent a Tent then approached Susie and
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Memorandum To: Alan Mulally‚ President & CEO Date: 07/04/2013 Subject: Internal Communications Platform When searching for a social networking platform to use for Ford Motor Company’s internal communications‚ our team has gone through several analyses of each potential platform. The top five choices were Facebook‚ Linkedin‚ Gotomeeting‚ Google+‚ and Skype. All of these programs were rated on the scale of 1 to 4 in six categories: compatibility and speed‚ accuracy of content‚ cost‚ design‚ navigation
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1. Voidable Contract: An agreement which is enforceable by law at the option of one or more of the parties thereto‚ but not at the option of the other or others‚ is a voidable contract. A contract is voidable when one of the parties to the contract has not exercised his free consent. One of the essential elements of a formation of a contract for example‚ free consent‚ is absent. All voidable contracts are those which are induced by coercion fraud or misrepresentation. The person whose consent is
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Memorandum To: Senior Partner From: Deidra Howard Date: July 15‚ 2015 Subject: Natalie Attired Unemployment Compensation Claim. Facts: July 2010‚ Ms. Natalie Attired filed and was denied unemployment compensation benefits on the grounds of “misconduct”. May 2009‚ Ms. Attired began employment with Biddy’s Tea House where she received work performance evaluation every 3 months during her time of employment. Ms. Attired received a total of four evaluations (attached)‚ which showed constant improvement
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Criminal Trial Court of Massachusetts STATE OF MASSACHUSETTS‚ Prosecution‚ V. Cruz Estrada‚ Defendant. MEMORANDUM IN SUPPORT OF DEFENDANT ESTRADA’S MOTION TO SUPRESS Defendant Cruz Estrada submits this memorandum of law in support of defendant’s motion to suppress the evidence seized from the defendant’s purse and to suppress the evidence collected from the audio recording of Cruz Estrada’s conversation with Luis
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Part I: Description In January of 2007 the parent company of TJMaxx and Marshalls known as TJX reported an IT security breach. The intrusion involved the portion of its network that handles credit card‚ debit card‚ check‚ and merchandise return functions. Facts slowly began to emerge that roughly 94 million customers’ credit card numbers were stolen from TJMaxx and Marshalls throughout 2006. It was believed that hackers sat in the parking lots and infiltrated TJX using their wireless network
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Peters and Associates Memorandum Date: June 28‚ 2014 To: Peters and Associates Accounting Department Cc:Bobby Peters‚ Auditor Joanne Hubbard‚ Senior Deputy Auditor From:Kiona Peters‚ Junior Accountant Subject: SAS 112 and 115 Regulation Rule Changes Purpose Of the many recent auditing standards issued by the AICPA‚ SAS No. 112 seems to be generating many questions. Therefore‚ the GAQC sponsored a member-only conference call titled‚ The Impact of SAS No. 112 on Governmental Financial Statement
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AUDIT PLANNING AND CONTROL 1.0 LEARNING OBJECTIVES After studying this chapter‚ readers should be able to understand: ! The general concept of audit strategy. ! The Importance of audit strategy as an effective plan for an audit. ! Internal control systems‚ evaluation and assessment. ! Audit documentation. ! Relationship with experts. ! Audit risks and its relative importance to audit. ! Components of audit risks. ! How to assess audit risks. 1.1 INTRODUCTION Auditing has developed over many years
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student organization Media event memorandum to: CU Hockey Team Captain FROM: SUBJECT: STUDENT ORGANIZATION MEDIA EVENT PROPOSAL DATE: 12/10/12 UCD HOCKEY CLUB FUNDRAISING INITIATIVE ’Puck-A-Thon: 24 Hours of UC Denver Hockey’ I. Situation: The University of Colorado‚ Denver Hockey Club is the first club sports team on the Denver Campus. The team was granted club status by the UCD Office of Student Life. The 2010-2011 Season marked the inaugural season for the ice hockey team
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