show why I agree with the statement. The reason as to why Contract law exists is because it is there to make sure people keep their promises to one another. A contract is made up of a promise of one party to do a certain thing in exchange for a promise from the other party to do another thing. The law will enforce on them if either party breaks away from the promise‚ as promises are what contracts are all about. Contract law is based on several Latin legal principles‚ the most important of which
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80. As courts decide cases involving the Internet and new kinds of issues not addressed previously‚ what role‚ if any‚ does precedent play? What role should it play? What difficulties could arise? A court would first look to see if any applicable statutes apply to the situation. Beyond that‚ the court would consider whether or not there are any earlier relevant court decisions applicable to the case. The court might find a similar case‚ though one not involving the Internet‚ and extend its application
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Business Law Notes Definition of Law Definition of Law – A rule of civil conduct prescribed by the supreme power in a state‚ commanding what is right‚ and prohibiting what is wrong. Nature of Law Functions of Law - To maintain stability in the social‚ political‚ and economic system through dispute resolution‚ protection of property‚ and the preservation of the state‚ while simultaneously permitting ordered change. Law and Morals * Are different but overlapping; law provides
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B Bai 1 : Business Law: 40. Principle of Law: In this case‚ Esposito hired Excel Construction Company to repair a porch roof. All terms of the agreement were specified in a written contract. And the dispute occurred when Excel had repaired the rear porch roof because in the agreement failed to specify whether it was the front or rear porch that needed repair. Under civil law‚ two parties here had signed a civil contract in writing. Because the contract failed to specify clearly front or rear
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ii. Stakeholder One: Congress (Democratic Party) Since Democratic Party is the one who proposed this law‚ most Democratic senators supported the medical device tax law. Obviously‚ this law will make the implementation of Affordable Care Act become more easier. The Affordable Care Act will be successfully only when government has enough money. Moreover‚ although many medical device manufacturers asserted that this tax is harmful to their businesses‚ these senators think that this tax just a small
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Business Law 115-351 Paper Topic Submission Form Name: suzi freitas I m a miller wrapper at PERGO. We make flooring‚ wall bases‚ stairnoses‚ quarter rounds etc. I would like to know about the rights of an employee over his/her employer‚ when it comes to take few hours off in two days in a week‚ for he/her educations. This is about me and my employer. I was working with them for 3 years and I used to be one of their potential workers. And then I took a decision to continue my education
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Ready Mixed Concrete‚ had stated in a contract between the company and lorry driver‚ Mr. Latimer‚ that he Mr. Latimer was an independent contractor. Mr. Latimer had been working as a yard batcher for the company from 1959 to 1963 before taking up a new role as a lorry driver. In
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signifies to another his willingness to do or abstain from doing anything‚ with a view to obtain assent of the other to such act or abstinence‚ he is said to make a proposal. Apparently in the case that Yatie had made an offer or proposal to her business partner‚ Tina to supply handcrafts by sending an offer letter to Tina. Tina had received the offer letter in the next day and she had accepted the offer by asking her staff‚ Anis to fax a letter of acceptance as soon as possible to Yatie. According
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Marina Trohin Business Law William A. Shelby 2/13/2013 Introduction At the course of Business Law‚ we got the knowledge about the contract. In addition we have an assignment that provides a contract analysis. This evaluation of the contract will be reviewed in accordance with the following requirements: 1. What specifically makes this contract enforceable? 2. What are the responsibilities
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contract with consumers. And also the insurance company wants to decide the price of the contract and terms and conditions of the contract on the basis of the information which is provided by the consumers. The law enforces a duty of disclosure on consumers when they are looking to take a new insurance cover or wants to renew the existing insurance cover. Insurance company may be able to reject
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