University of Macau BBEL 230 –Business Law I Macau‚ 28 March 2010 MID-TERM EXAM (Part I) |Write your full identification‚ Western name and section. | |Only the legislation‚ without any forbidden notes‚ can be used. | |Dictionaries are allowed.
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What is a contract? A contract is an agreement enforceable by law. 2. What is an agreement? An agreement is an arrangement between parties that creates legal obligations between them. Generally an agreement is said to be arrived at when an offer or proposal made by one person is accepted by another‚ with the intention of creating mutual obligations between them. 5. What are the essential features of a contract? Minimum two parties :- Atleast two parties are needed to enter into a contact
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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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Big Time Toymaker Helen Latscha Elizabeth Martin John Hong David Cho LAW/421 Week 4 November 19‚ 2014 Dr. Mark Pugatch BS‚ MBA‚ JD Big Time Toymaker According to Melvin‚ 2011 “an agreement may result in a binding contract‚ whether it is an oral or written agreement between parties”. Big Time Toymaker (BTT) had shown interest in the new strategy game developed by Chou‚ called Strat. There were oral agreements for exclusive distribution rights‚ but had stipulations that it must be in writing. There
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Business Law Common Law Assignment Hayley Gramson Student No. 17004217 Word Count 1003 a) In a letter dated 14/02/2011‚ the manager (Dave) of Excellent Foods (EF) outlined conditions in writing to the manager (Ben) of Safe Foods (SF) in relation to the purchase of EF. These conditions were that SF must pay the valued amount of EF‚ which totaled $120‚000‚ $30‚000 more than the original amount that SF had been prepared to pay and stipulated
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Financial security remains a key concern for people at any age. People need money so that they can retire comfortably‚ and making the right investment decision ensures that their investment generates income for retirement. In most jobs‚ people have limited options to invest. Therefore‚ people save for retirement in various pension plans which are offered by the employer. However‚ making the right choice where and how to invest is a challenge‚ which shows that most people are not financial experts
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position or put the substitute things instead of the previous one. QUESTION 2(ii) Infinity & Co had sought our advice as to how it should respond to the major leak on the rooftop and the whole roof needs replacing. Case Law The case is refer to Riverside Property Investments Ltd. v Blackhawk Automotive [2004].The landlord‚ Riverside‚ claimed £87‚500 for replacement of the roof of a light industrial unit‚ plus £36‚200 for fees and costs incurred with the works from the tenant‚ Blackhawk. The works
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contractual liability. There are three differences between liability and contractual liability: A. The difference of base. Contractual liability means that due to the breach of duty‚ contractual collateral obligation of contract or violates the "contract law" provisions of the obligations. Finding out a contractual liability has to be in terms of contract. However‚ there are no needs for liability‚ which point liability are monetary damages that are sought from the offending party. They are intended to
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Case 7-5: Dell Computer Corporation Discussion questions 1. What is Dell’s strategy? Dell’s strategy was based on: • Market leadership as a result of a persistent focus on delivering the best possible customer experience. Direct selling‚ from manufacturing to consumer‚ was a key component of its strategy. • Its reputation as one of the world’s most preferred computer systems companies and a premier provider of products and services that customers worldwide needed to build
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Review the case of Any Kind Checks Cashed‚ Inc. v. Talcott in Chapter 30 of the text. Write a short paper on whether or not you agree with the Court’s decision. Is it fair? In your opinion‚ is Any Kind a HDC? A holder in due course is a holder who takes an instrument without “apparent evidence of forgery or alteration” for value‚ in good faith‚ and without notice of certain claims and defenses. In the case of Any Kind Checks Cashed‚ Inc. v. Talcott it was crucial to determine whether holder of
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