Discuss the legal status of such agreement. Az oil Co. agree to supply a quantity of oil to CRT Distributors Bhd at RM24.00 per barrel or RM26.00 per barrel. This is a contract and the contract is a legal‚ because Az oil Co agree to supply oil per barrel to CRT Distributors Bhd. Consideration need not be adequate Section 26 “ an agreement is not void merely because the consideration is inadequate. Section 26 illustration (f) “ A agree to supply a quantity of oil at RM24.00 or Rm26.00. the agreement
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DUTIES OF DIRECTOR Introduction Duties and liabilities are imposed on officers of a company‚ including directors‚ both by common law and statute. Thus‚ directors owe their companies fiduciary duties at common law. These duties are further supplemented by the Act. Officer –section 4(1) FD duty of care skill and diligence statutory duty The fiduciary duties of directors may be conveniently examined under the following categories. Director owe a duty to: Act bona fide and in the interests
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Internal Business Process Prospective BUS 499 – Strategic Management Module 3 Case February 1‚ 2013 Duke Children’s Hospital fell into a crisis within the mid-1990s. Expenses were rising while dramatic reductions in net margin were occurring. Staff productivity fell and staff satisfaction was at an all-time low. They overcame the crisis by implementing the balanced scorecard. Their way of designing their scorecard catered to their business in healthcare. The higher officials of Duke Children’s
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Business & Company Law – ’11-’12 – Question 1 Introduction: Whenever a contract is to be formed‚ there are certain elements which should meet the requirement in order for it to be established. They are offer‚ acceptance (agreement)‚ consideration and intention. * Definition: Agreement – Is formed when an offer is made and accepted. * Communication: Must be communicated * Except in the case of a unilateral contract. * Two types of Communications: * Instantaneous
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Business Law: An Introduction Learning Outcome 1 1. Identify & describe the source of legislation that are binding in Scots Law and quote at least one example. Legislation comes in 4 main sources in Scotland; UK Parliament‚ Scots Parliament‚ European Union and delegate legislation. UK Parliament Laws that are passed by Parliament come from proposals that are made by the Government. These proposals aim to shape society or address certain problems. Once such proposals have been
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FROM RAVI KUMAR‚HSBC BPO EMPLOYEE‚VISAKHAPATNAM. 4. INFORMATION COLLECTED FROM KRISHA KUMAR‚RURAL SHORES BPO EMPLOYEE‚RURAL BPO. SUBMITTED BY: 1. GEETA SRIRAM SUNKARA‚PH NO:+91 7795609979 2. JAYAT RATHORE‚PH NO:+91 7204329228 DAYANANDA SAGAR BUSINESS SCHOOL‚BANGALORE.
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In the business world‚ people need to comprehend the business law and legal work that applies for all their business activities. Each decision that many industries makes must be considered from a legal point of view in order to ensure that it avoids severe lawsuits and satisfies the law. It is‚ especially‚ essential for people to understand the law applications that goes into a situation because there are many cases where there are various laws included in the matter. Because of those various laws
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an antiquated response. However‚ discrimination can and does still happen in a company‚ and is not limited to gender discrimination. Consequently‚ every company is very careful about their operations and employee treatment in today’s business world. Many business entities have put together a human resource department to properly manage and take care of their most valuable resource‚ their employees. Over the years the government has also helped ensure that employees get proper treatment. Measures
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Business Law II Test/Chapters 47-50 Student: ___________________________________________________________________________ 1. Identify the letter of the choice that best completes the statement or answers the question. The Department of Homeland Security: A. has been proposed but has never been created. B. is a non-profit organization. C. is a Cabinet-level Department. D. will have little effect on the federal government’s organization. 2. Which of the following is an accurate statement about the
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Business Law Notes- July‚ 10‚ 2008 Review from previous class session July 3‚ 2008 The Rules of Law regulate relations Public Law: Relations between state and individuals • Exercise of power for state authority • Based on the Roman-German Tradition • Associated with the meaning of ‘Res Publica‚’ (which means State & Society collectively) • Great Importance placed on Public Law-according to the European Continental Tradition Anglo-Saxon Law: Based on Common Law • Case Law (law
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