Chapter 19: Construction of a contract Representations: statements of facts that are made by one party before or at the time of making a contract to induce an offeree to enter the contract. *Do not form part of the contract‚ not actionable at contract law The parol (oral) evidence rule: Written contracts override oral evidence‚ as court expects all intention to be contracted. Collateral contracts: 44. De Lassalle v Guilford [1901]: P and D entered into lease‚ D assured P drains were in
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Business Law - Exam #2 - Chapters 5-7 True/False Indicate whether the sentence or statement is true or false. _T___ 1. Some torts are crimes. __F__ 2. The victim must actually suffer offensive contact before he or she can succeed in a cause of action for assault. __T__ 3. A battery occurs only if the victim suffers actual physical harm. __T__ 4. Slander involves the oral communication of defamatory language. __T__ 5. Oral defamatory statements must be communicated to a third party
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Business Law and Social Responsibility Introduction We are living at an age where the customer or the consumer has been brought at the center stage of business enterprises. This consciousness has been necessitated by the rudiments of marketing which stipulate that every product or services should be innovated with the customer in the mind. But beyond providing these goods and service there has also emerged the need to care about the welfare of the consumers in terms of their health‚ environment
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Who is a Consumer as per Consumer Protection Act 1986 Introduction:The industrial revolution and the development in the international trade and commerce has led to the vast expansion of business and trade‚ as a result of which a variety of consumer goods have appeared in the market to cater to the needs of the consumers and a host of services have been made available to the consumers like insurance‚ transport‚ electricity‚ housing‚ entertainment‚ finance and banking. A well organized sector
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Roles and Functions of Law in Business and Society Introduction William O. Douglas said‚ “Common sense often makes good law.” Well that is what laws essentially are‚ rules and regulations that make sure common sense is followed. One could even say that laws are enforced ethics. Laws serve several roles and functions in business and society‚ and this paper will discuss those roles and functions. What is law? According to Reference.com (2007)‚ law is defined as: “rules of conduct of any organized
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International Business Law Chapter 4 Study Guide (Group 8) Under frustration of purpose clause‚ a contract may be excused if the reason for entering the contract has been changed or has been invaluable. If the valuable part of the contract‚ for example a well known concert singer‚ has become ill‚ the contract may be excused due to the illness of the valuable part‚ the singer‚ of completing the contract. Valid Contract: an agreement that contains all of the essential elements and meets all
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LIABILITY OF DIRECTORS A director plays a vital role in a corporate organization. They manage the business‚ design business policies and select the officers. Liability of the directors is a crucial aspect where a director is expected to be honest‚ vigilant and protect the shareholders trust in him. Shareholders own the corporation and elect the board of directors whose approval is required for major corporate actions. Liability comes into picture when directors or officers tend to cause financial
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Cuong Khong Bill Tennyson/ Business Law January 24‚ 2013 BRIEFING CASES… COMMONWEALTH v. BERGGREN 398 Mass. 338 (1986) Supreme Judicial Court of Massachusetts‚ Barnstable. May 6‚ 1986. August 26‚ 1986. ============================================================================ FACTS: On March 29‚ 1983‚ about 8:28 P.M.‚ Patrolman Michael Aselton of the Barnstable police department was on radar duty at Old Stage Road in Centerville. He saw the defendant’s motorcycle speed by him and commenced
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Bibliography: (2014‚ 09 05). Retrieved from www.sos.ca.gov: http://www.sos.ca.gov/archives/collections/1849/full-text.htm (2014‚ 09 05). Retrieved from www.leginfo.ca.gov: http://www.leginfo.ca.gov/const-toc.html Arnold J. Goldman‚ a. W. (2011). Business Law: Principles and Practices‚ 8th Edition. Mason: South-Western Cengage Learning.
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Chapter 9 Formation of Traditional and E-Contracts TRUE/FALSE QUESTIONS 1. Contract law does not distinguish between promises that create only moral obligations and promises that are legally binding. False. 2. In contract law‚ intent is determined by the personal or subjective intent‚ or belief‚ of a party. False‚ intent is determined by the objective theory of contracts 3. A bilateral contract comes into existence at the moment promises are exchanged. True‚ “promise for a promise” 4. If a voidable
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