LAW 203 – LAW OF CONRACT 1 ASSIGNMENT 2 STUDENT ID: S120343 LECTURER/TUTOR: MR HUMPHREY MARAU NUMBER OF WORDS: 2284 Contract law is a body of law that governs oral and written agreements associated with exchange of goods and services‚ money‚ and properties. Not only does contract law set out the rules and guidelines of how to form a contract but also teaches us how the parties to a contract are to fulfil it and what may happen when the terms of a contract are not fulfilled. The background
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a judge‚ will most likely apply the statute. A state constitution is supreme within the state’s borders. True A state law that conflicts with the U.S. Constitution will be deemed unconstitutional. TRUE A substantive law creates or defines legal rights and obligations. True As a judge‚ Jay applies common law rules. These rules develop from
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Important Laws That Affect Your Business Introduction: In the present world business plays an important role in every sphere of life. Business determines one’s life style‚ standard of living‚ education and even cultural standard. So to lead a bette-r life we need to understand business and study business. Business is dynamic – always changing. Coping with both predictable and unpredictable events can be easier‚ more efficient‚ and less traumatic if we understand business. Study of business will help
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Consider the possible conflicts between legally doing business and selling fast-food‚ given the increasing evidence of how it is a significant contributing factor in public health‚ obesity‚ and diabetes facing many Americans. Now‚ based on what you’ve learned in this module‚ answer the following: A) After reading the Inside Story section of Chapter 1‚ do you agree with how Disney Company is handling the issue? Why or why not? B) Does government (federal‚ state‚ or local) have a right or a responsibility
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Section 1 – Understand why change happens in a business environment 1. Explain why change happens in a business environment. You should include at least three reasons in your answer. Reasons for change in a business environment may include: Internal factors * A business wants to reduce waste and costs * A business launches a new product * A business introduces 24-hour customer support * A business introduces quality management techniques External factors 1. Political
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Amicable Heritable Securities V Northern Assurance Co 1883 11 R 287 5 Sloans Dairies V Glasgow Corp 1977 Scot CS CSIH_2 4 Wight V Brown 1845 11D 459 4 The concept of insurable interest and the alleged need under Scots law for the requirement of insurable interest by the insured in an insurance policy‚ have recently come under scrutiny. Why is this‚ and what should be done about the problems arising from the requirement for insurable interest? How realistic are the proposals
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w 1. | | | In deciding a case‚ a court will not use common law if there is a statute that applies to the dispute. | | Student Response | Value | Correct Answer | False | 0% | True | | Score: | 0/2.5 | | | 2. | | | Dicta is another term for “controlling precedent.” | | Student Response | Value | Correct Answer | False | 100% | False | | Score: | 2.5/2.5 | | | 3. | | | One of the important powers of courts in the United States is to
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I. What is Law A. Law 1. Set of Rules 2. Created by Government 3. Enforced by Government B. Jurisprudence 1. Philosophy of Law II. A. Law as Power 1. Under color of authority B. Legal Positivism 1. Law is what law says C. Legal Realism 1. Who is in position to enforce D. Natural Law 1. Humans have rights regardless of law III. Three Factors for Free Market System 1. Law 2. Rule of Law A. Law is generally and equally applicable to everyone B. System of published
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losing party would be subject to very harsh and unreasonable bc the contract was unenforced Categories of illegal agreements 1)that violate statutes (break laws or are directly assisting in broken laws) 2)violate public policy 3)unconscionable agreements and contracts of adhesion Noncompetition clauses 1) Clause must serve a legitimate business purpose 2) The restriction on competition must be reasonable in time‚ geographic area and scope.3) The clause should not impose any undue hardship.. -Very
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Business Ethics Term Paper 1.) (Strategic)Philanthropy can be defined as giving back to the community (FERRELL‚ 2011‚ p. 94). Certain companies that profit from society feel a moral obligation to give back to the people. I believe giving back in the long term is a great idea for business. If done correctly it can be a great marketing tool. Strategic Philanthropy is a more defined giving back to society. It is mutually beneficial to the organization and stakeholders (FERRELL‚ 2011‚ pp. 118-119)
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