Advertising Law: You’ve got a great product or service to sell‚ and you’re anxious to begin promoting it to potential customers. To make sure the claims you make about your offerings are truthful and to protect consumers‚ all businesses have to comply with advertising and marketing laws. Employment & Labor Law: Bringing employees on board to work in your business is an exciting milestone. You’ll want to ensure that you are conducting employment processes in accordance to the laws. Finance Law: Healthy
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Contract By definition under Sec 2(h) Contract Act 1950‚ “an agreement enforceable by law is a contract”. A contract is a promise or agreement between two or more parties that is enforced by law to be legally binding. It may involve a duty to do or refrain from doing something‚ and the failure to perform such duty is a breach of contract. The role of law in a contract is not to punish the breaching party but to provide remedies to restore the person wronged to the position they ought to occupy if
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judge of the Federal Court. Every proceeding in the Federal Court is according to section 74 of the Courts of Judicature Act 1964‚ heard and disposed off by three judges or such greater uneven number of judges as the Chief Justice may in any particular case determine. In the absence of the Chief Justice the most senior member of the Court shall preside. Article 122(2) of the Federal Constitution provides that the Chief Justice‚ if he considers that the interests of justice so require‚ may nominate a judge
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Business Law I Assignment 3 Spring Term B BU 206-8A Instructor Problem 8-1 page 232 1). Consideration. Daniel‚ a recent college graduate‚ is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple‚ who provide him with food and shelter. After the snowplows have cleared the road‚ Daniel proceeds home. Daniel’s father‚ Fred‚ is most appreciative of the elderly couple’s action and in a letter promises to pay them $500
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Phase 2 Individual Project - International Law and Business The Legal and Ethical Environment of Business Professor Lisa Smart Francisca Smith September 03‚ 2012 Abstract Just about all of our companies in the United States do business worldwide. Many companies trade and work with companies that are in a variety of other countries and conduct international business. My company is currently engaged in business activities both nationally and internationally. We have heard that a few of the
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Business Law in Accounting Melissa Randall Business Law I / 421 Professor Deborah Gronet March 16‚ 2009 Business Law in Accounting Accounting is the system of recording‚ reporting and verifying financial information for individuals and businesses‚ including income‚ expenses‚ value of assets‚ and so on. However‚ Business Law I‚ takes what is normally known of accounting and moves into another arena‚ one which includes civil and criminal liabilities‚ contract law‚ ethics and the Sarbanes-Oxley
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Safan Nizar Ali Dauva Professor Kurt S. Odenwald Business Law and Ethics February 17‚ 2011 Week 6 Assignment Chapter 23 Question no.5 Answer: No. CP Clare did not seek to improve the deal to take advantage of IRI’s sunk costs; rather it sought to enforce the bargain. And it did not take unexpected action against which IRI could not have defended. That a manufacturer will want to reassess its sales structure as volume grows must be understood by everyone--especially by a professional sales
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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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Question (a) Identify the principle of law The principles of law relevant to this question are the doctrines of intention and consideration. Explain the rules of law The doctrine of intention is an undertaking by both sides of an agreement to be legally bound either by an informal agreement such as verbal intention to purchase or act‚ or a written document stating intention to purchase or act‚ which could be in the form of a letter or a written statement as compared to a formal agreement
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CONTRACT – REMEDIES (Pg 183) Damages |Damages is the principal common law remedy for a breach of contract. It refers to the monetary compensation payable by the defaulting party. | |Assessment |Aim of unliquidated damages | | |The general principle of assessment is that the injured party is to be placed in the same financial position he
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