Question TWO What is a "Breach of Contract"? A business contract creates certain obligations that are to be fulfilled by the people or companies who entered into the agreement. In the eyes of the law‚ a party’s failure to fulfil an end of the bargain under a contract is known as a "breach" of the contract. Depending on the specifics of the contract‚ a breach can occur when a party fails to perform on time‚ does not perform in accordance with the terms of the agreement‚ or does not perform at all
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Natural Law – denotes a system of moral and ethical principles that are inherent in human nature and that people can discover through the us of their natural intelligence‚ or reason. Positive Law – Or national law (the written law of a given society at a particular point in time)‚ applies only to the citizens of that nation or society. Legal Realism – the idea that law is just one of many institutions in society and that it is shaped by social forces and needs. Constitutional Law – The law
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---- ------- Business Law Take-Home Final Essay When asked “what can Moon‚ Inc do to get its money from Bob Zimmerman?” I would address it by saying if Zimmerman doesn’t pay off what he owes then according to the mortgage contract Zimmerman would foreclose his house and Moon‚ Inc. would have the right to bid first. My reasoning is that initially the mortgage was taken out for the house and Zimmerman paid back loans toward the bank. If Zimmerman doesn’t pay then the house is foreclosed and the
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2012 Passenger Reservation System in Indian Railway Submitted By: Prashant Gupta Enrollment No: 11810058 Department of Management Studies‚ IIT Rookee Contents Introduction: ........................................................................................................................................... 3 Indian Railways:............................................................................................
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COMPANY LAW AND BUSINESS ASSOCIATIONS Shares are securities which companies issue to members of the pubic in order to raise money to finance their operations. Shares are securities because they represent the financial interest which a person has in the share capital of the company. So long as the company is still in business‚ the financial interest (shares) of a shareholder is protected by law and cannot be taken away except by lawful means such as by court order or by nationalization provided
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Topic 3: Contract Law *What is a contract? a legally enforceable agreement; that is‚ an agreement enforceable in a court *Types of contracts Number of parties: * Unilateral – one party (eg reward case) * Bilateral – two parties‚ both with mutual obligations * Multilateral – more than two parties‚ all with obligat0ions Form: * Simple Contracts: written; oral; part-written & part-oral * Need all elements of a contract ‚ including consideration * If all elements
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IGNOU B.Ed ES-331 Solved Assignment January 2012 Presented by http://www.IGNOU4U.Blogspot.com Please Note: a) The Assignment Responses (AR’s) may be submitted by hand or sent by registered post to the Programme - in - Charge of your Programme Centre. b) You should retain a copy of all the assignment responses in your own interest. ES-331: CURRICULUM AND INSTRUCTION Answer the following questions in 1500 words total (i.e. each in 500 words). Qi) What are the important sources of curriculum
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Corporation Statement of Facts: Sandra Seller wants to form a corporation. She has a thriving business in which she buys cheap jewelry and then re-sells it at her store at a substantial profit. She needs some extra cash right now to buy a new store and she does not want to risk her personal assets by taking out a loan. Therefore‚ Sandra has decided to form a corporation. Sandra would like to sell shares of her business to anybody who is willing to invest in her company‚ but she wants to limit the total number
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Introduction and Sources of Business Law Sara Bakerink Kaplan University LS311-03RP1 There are many terms to know and understand in Business Law. The definition of some terms are easy to comprehend while others are more complex. I have listed several terms from our textbook with definitions as I understand them. Common law is a type of law that was created based on English legal system. "Eventually‚ the common law tradition became part of the heritage of all nations
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to all cases summarised in the Partnership Law Updates which have been issued since January 2000 to date. Therefore this Archive operates as a guide to some of the interesting partnership cases decided in common law jurisdictions in recent years. Special thanks are due to Professor Dick Webb (Emeritus Professor of Law in the University of Auckland) for alerting me to many developments contained in this section and to Dr Keith Fletcher of the University of Queensland. . PARTNERSHIP LAW CASES Janurary
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