Richard misses his plane from London to Paris. Ryan takes him there by car. As he gets out of the car‚ Richard promises to pay Ryan $1000 for his efforts Issue: Is there any consideration for the promise made by Richard? The Law: Every contract requires an offer‚ acceptance‚ and consideration. Consideration is the exchange of benefit and detriment‚ for example‚ the making of a promise in exchange for an act. If a party voluntarily acts and then the other party makes a promise‚ the act is said
Premium Contract Law
Drake and Keeler employer could argue the employment-at-will law was the reason for their discharge. According to Lisa Guerin‚ if Drake and Keeler are employed as at-will employees‚ then his or her employer does not need to have a good cause to fire him or her. In fact‚ if Drake and Keeler employer did not make it clear as to what kind of employee he or she was‚ then according to the law he or she is presumed to be hired as at-will. The only way Drake and Keeler can avoid being an at-will employee
Premium Employment National Labor Relations Act Tort law
According to case study from Harvard Business School‚ “Alibaba dominates China’s Internet and logistics space with over 600 million subscribers‚ and nearly a quarter trillion dollars of annual transactions. A combination of Amazon and eBay‚ it holds an 80 per cent share of the e-commerce market in the world’s second largest economy.” In recent years‚ rising labour and raw material costs have been amajor challenge faced by Chinese exporters. Small businesses‚ were effected the most they often need
Premium Logistics Logistics Jeff Bezos
right to rescind a conditional offer? Why? I believe that American Airlines has no right to rescind its decision despite the applicants having excluded their medical status. For a conditional job offer‚ an individual gets the job only when all the established restrictions are fulfilled by an applicant. Until the recruiting body is satisfied and assessed a prospective employee for all the requirements‚ one cannot claim to have acquired the job. In the presented case‚ a job was guaranteed on passing
Premium Employment Management Discrimination
Case study: Crumpler Topic 1- operations * Product offered * heavy duty bags for bike couriers Role of operations management Aim * to differentiate the business’s products from its competitors rather than using a cost leadership strategy. Crumpler’s aim has been achieved through: * a better quality product * a vast variety of products in its range * incorporation of new technology * Clever design Influences on Crumpler’s operations Globalisation *
Premium Management Marketing
Business law | CASE STUDY ONSESAMWARE | | | | | SUBMITTED BY:Randeep SinghVarinder GillLovedeep Singh | CASE STUDY History Sesamware is a Japanese software company which is very popular for open source software. Sesamware got international approval with an online multiplayer fantasy dimension game‚ Para World in mid-1990. Para world was very popular in the world between 2001 and 2004. Firstly‚ it was installed as part of the bundle downloaded by hundreds of millions of gamers around the
Premium Competition World Trade Organization International trade
CASE STUDY ON International Business COURSE CODE - (IBS 345) Submitted To: Dewan Md. Nur A Yazdani Assistant Professor Faculty of Business Administration Eastern University Banking on Argentina 1. What are the major factors that caused the peso to fall in value against the dollar? What has the government done to reverse the recession? Answer: Argentina was rated as one of the world’s 10 richest countries in the beginning of the twentieth century. But in 1980s inflation plagued
Premium United States dollar Monetary policy Argentina
UNIVERSITI TUNKU ABDUL RAHMAN ACADEMIC YEAR 2005/2006 DECEMBER EXAMINATION UBML1053 BUSINESS LAW THURSDAY‚ 15 DECEMBER 2005 TIME: 2.00PM – 4.00PM (2 HOURS) BACHELOR OF COMMERCE (HONS) ACCOUNTING YEAR ONE Instructions to Candidates: Section A : [Total: 40 marks] 1. This section consist of ONE (1) compulsory question 2. Answer ALL the sub-questions. Section B : [Total: 60 marks] 3. This section consists of THREE (3) questions. 4. Answer only TWO (2) questions. 5. No marks will be given for any extra
Premium Contract Contract law
Case 1 Raju knew he was smart. His classmates always turned to him for help on assignments and he always knew the answers to the questions his teachers asked in class. Raju just didn’t study for tests so his grades were often mediocre. He knew he could do better in school‚ it was just that school was so... well‚ boring.School was coming to an end for the year and Raju needed to get a good job this summer‚ after all this was the end of his junior year. He desperately wanted to work at the famous
Premium Case study
Genuine Assent Are you for real? -Valid‚ void‚ voidable. -Valid: perfectly fine contract. -Void: contract cannot be used. -Voidable: a party of the contract has the right to declare it void. -Unilateral Mistake: mistake by one party‚ has no effect on the contract. Contract must be followed‚ even with mistakes. Valid contract. -Mutual Mistake: mistake made by both parties. Causes agreements to be void. -Existence of subject matter. -Nature of the agreement. (For some really good
Premium Contract