working for Tom in the produce department. The first scenario is the contract between Grocery‚ Inc. and Masterpiece Construction for the renovation of the store located on Main Street in My Town‚ U.S.A. The second scenario is an underage contract between Jeff and Smooth Sales Used Cars. The third scenario is a breach of contract and/or promissory estopple between Tom Green and Harry. The fourth scenario is regarding an e-commerce contract between George and Grocery‚ Inc. Looking at the scenarios that have
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CONTRACT LAW INTRODUCTION The Law of Contract governs the relationship between individuals in a wide range of circumstances. Everyday actions often involve making contracts and therefore the law has simple foundations. Contract law covers everything from simple shopping to large commercial deals and case law is wide in the matters that it covers also. Contracts are made by ordinary people in everyday situations many times a day e.g. buying a magazine‚ shopping‚ parking the car etc. Usually
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Business Law – Outcome 2 (Law of Contract) Identify and describe the essential elements of a contract There are 3 essential elements in a contract: * There must be an agreement on all material aspects (Consensus in idem) Both or all parties in a contract must have the same understanding of all terms within the contract. To reach and consensus in idem‚ any acceptance must meet one of the offers made. If a party makes changes to the original offer then this is considered a conditional offer
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supervisor and subordinate perceptions of and attributions for psychological contract breach. The data suggest that supervisor and subordinate perceptions are most likely to differ on the extent to which the organization violated its obligations to provide fair pay‚ advancement opportunities‚ and a good employment relationship. In addition‚ the results indicate that the greater the degree of psychological contract breach reported by subordinates‚ the less committed they are to the organization and
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By use of examples‚ explain how an agreement recognized by the law of contract Law of contract is body of legal rules governing the conclusion and consequences of contract. Contract is an agreement based on consensus between legal subjects with contractual capacity. Which is legal‚ physically possible and complies with the prescribed formalities and which is reached with the intension of creating a legal obligation with resultant rights and duties? 1. Consideration It’s the price paid by
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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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COURSE ACCT5150: BUSINESS AND COMPANY LAW (For 2014-2015) COURSE OUTLINE Course Title: ACCT5150 Business and Company Law Description: This course seeks to provide an introduction to the institutions‚ doctrines and methodology of the law in the business and corporation context. The first part of the course will begin with an examination of the legal system of the Hong Kong SAR before proceeding to encompass a selection of topics in business law such as the law relating to contract‚ torts and employment
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Recognizing Contract Risk and Opportunities Alen Edilersky LAW/531 – Business Law Professor Rickard D’Ambrosio February 02‚ 2009 The contract is the special document demanding careful development‚ acceptance and the control over observance of its conditions. As a rule‚ contracts consist when planned mutual relations of participants have long-term character. This long term can concern both to the process of interaction‚ and to those consequences for participants who can come as a result
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Running head: CONTRACTS Contracts‚ What Are They? How Do They Work Student Name BUS311 Business Law I Instructor: name Date Abstract In this paper‚ I will reflect on the operation of contracts. Business law shows how contracts may be classified in several ways depending on the manner in which they are created‚ expressed‚ or performed. I have learned a lot from this course and I will use that to help write this paper. In the following paper I will
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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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