Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract: A one way
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1.0 Contracts and its Elements 1.1 Essentials of a Contract Contracts form part of our daily life e.g. lease of house‚ sale/purchase of cars‚ etc. However‚ there are elements essential to form a contract. These are: 1.1.1 Offer/Invitation MacMillan & Stone (2004) described offer as “an expression of willingness to contract on certain terms. It must be made with the intention that it will become binding upon acceptance. There must be no further negotiations or discussions required.” This can be
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1. Shipment or delivery The obligation of Seller to ship or deliver the goods specified on the face of this Contract (“Goods”) by the time or within the period specified on the face of this Contract shall be subject to the availability of the vessel or the vessel’s space. If‚ under the terms of this Contract‚ Buyer is to secure or arrange for the vessel or vessel’s space‚ Buyer shall secure or arrange for the necessary vessel or vessel’s space on berth terms basis and give Seller shipping
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Data Breach Brandon Harvey CSIA 301-7381 August 8‚ 2012 Professor Abraham Bloom Abstract The ChoicePoint data breach occurred in 2005. This insider data breach brought to light how a company can still be vulnerable to having data stolen from its databases even without any type of hacking of their system. By not properly vetting request for new accounts and request for information led to the theft of over a hundred thousand records of people’s personal information. ChoicePoint Data Breach ChoicePoint
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HITECH ACT is the Breach Notification Rule. A HIPPA rule that requires HIPAA covered entities (CE) and their business associates (BA) to provide notification following a breach of unsecured protected health information (PHI) (HHSwebsite). CE and BA must notify U.S department of Health and Human Services (HHS)‚ some situations the media‚ and all individuals whose PHI has been breached (hhswebsite). Plus‚ all notifications must be made no later than 60 days after the discovery of the breach (bok). So‚ what
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Target Data Breach Charles Moore American Military University Abstract Target a large retail corporation that operates over 1‚700 stores across the United States. They also operate as an online retailer at target.com. In 2012 the retailer earned more than $73 billion dollars in revenue and grew their sales by 5.1% from the previous year. Looking at the revenue and sales growth rate it is hard to fathom that more money could not be spent to ensure that consumer data is protected as much as
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Contract Law Notes Contracts ‘A’ Offer Bilateral contracts Unilateral contracts Offers to the public at large What is an offer? Mere puff Supply of information Invitation to treat Categorizing transactions Advertisements a) Advertisements in a catalogue or a curricular b) Advertisements in newspapers or magazines c) Advertisements appearing on the internet d) Display of goods Auctions a) Advertisement of auction b) Auctions with reserves c) Auctions without a reserve Tendering
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TARGET DATA BREACH 2013/14 Introduction There are many types of breaches that can occur when it comes to secure systems and networks. The target breach of 2013/14 was due to human error. It is said that the company had easily stolen credentials. If there was the necessary secure measures taken‚ this breach could have been stopped. Target did not have an adequate firewall which is why the hackers were able to corrupt the system and steal personal information and credit card information. This whole
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CONTRACTS CONTRACT a meeting of minds between 2 persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service (ARTICLE 1305) GENERAL PROVISIONS (Arts. 1305-1317) Distinguish an ordinary Contract: a.) from a Contract of marriage b.) from an obligation c.) from an imperfect promise d.) from a pact e.) from a stipulation a.) from a Contract of marriage ORDINARY CONTRACT 1. The parties may be 2 or more persons of same or different genders
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INTRODUCTION Indian Contract Act 1872 is the main source of law regulating contracts in Indian law‚ as subsequently amended. It 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. The Indian Contract Act 1872
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