MALAYSIA FACULTY OF BUSINESS AND MANAGEMENT Course Code: BBUN 2103 Course Title: Business Law Name: Mariyam Anoosha Afeef Student ID number: S11723225 Tutor Name: Ahmed Nasheed Learning Centre: Villa College Trimester: May 2012 INTRODUCTION We enter into contracts that are made orally‚ every day‚ without us even realizing. For example when we buy something from a shop‚ we make a contract with the shopkeeper. However sometimes written contracts are required in order
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"The formation of a contract is not to be confused with its legal enforceability" Discuss. A contract is put in place to provide a legal link between each party. Therefore it is important to understand on how a contract is formed and what are the steps and requirements to make sure the contract stays legally enforceable. In order for a contract to exist‚ there are four key elements to it. An offer must firstly be made by the offerer‚ followed by the acceptance of the offer by the offeree. Considerations
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Total Words : 1051 Name : Zi Lin ( Emilie ) Student Number : 706479 Teacher’s Name : Jonathan Bowlby Group : 4 Case1 Issue Does XZA Bank Pty Ltd have legal right to sell Ji’s house based on the loan contract he signed? Rules The case of Commercial Bank of Australia v Amadio[1] and Blomley v Ryan[2] demonstrate the bank’s conduct were unconscionable. The court look at 3 main elements to determining whether to activate the doctrine of unconscionability. • Special
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activities of each semester. The overview consists of a schedule containing general information and a week- or topic based schedule. The overview describes the expected course of the semester and the planned activities for the subjects/projects. In the case of changes in the course of the semester‚ the overview must be adjusted. It is important that the Fronter folder “Structure and contents of teaching activities” at all times contains a current and updated overview. This will ensure that at the end
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Table of Contents Introduction Law plays important roles to protect benefits‚ obligations and bringing fair for everybody in society. This report gives information about tortuous liability‚ contractual liability‚ vicarious liability‚ the tort of negligence and defences. After that‚ I can determine liability of person who is responsible when violations as well as providing advices for the legal problems in business of VJSC. (3.1) Contrast liability in torts with contractual
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Question 1(a) The legal issue and problem in this question is whether Micky has a contract with Ureach Mobile Co. Section 11 of Contracts Act 1950 provides who are competent to contract‚ that is those who are of the age of majority according to the law to which she is subject‚ have sound mind‚ and not disqualified from contracting by any law to which he is subject (KrishnanL‚ RajooL‚ & VergisA.C‚2009). On the other hand‚ the Age of Majority Act 1971 states that the age of majority is
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Assignment on University of Dhaka Laws Affecting Business Date: Tuesday‚ 28 May 2013 Submitted to: Prof. Dr. Abu Hossain Siddique Professor‚ Department of International Business University of Dhaka Submitted By: Rabiul Hasan Roll no. 256 6th Batch‚ Department of International Business University of Dhaka Executive Summery Business must operate within the boundaries of laws and government regulations. Laws have been developed not only to protect consumers but also to preserve
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BUSINESS LAW ESSAY PLAN ➢ Acceptance must be communicated to be effective. ➢ Where the parties contemplate acceptance by mail‚ acceptance will be complete as soon as the letter is properly posted. Postal rule definition ➢ Actual communication versus constructive communication ➢ Actual acceptance (real) versus constructive acceptance (postal rule) (Graw p.89) ➢ Contract is an agreement which the law enforces. ➢ Contract law is the basis of business law ➢ Two main sources:
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Case 1 1. ｃ: Because‚a federal court has more extensive jurisdiction than a state court. While the jurisdiction of state courts are limited by their boundaries‚ the federal court system covers the entire nation. An important limit to diversity jurisdiction is that only cases involving more than $75‚000 in potential damages may be filed in a federal court. 2. ｂ : n the legal system of the United States‚ a long arm statute is a law which allows a court to exercise
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agreement into a contract. Contracts are the basis of the business and therefore understanding the law of contract is essential for persons wishing to engage in business. There would be no business without contracts. To make a contract legally enforceable six prerequisites should be followed. They are intention to create legal relations‚ agreement‚ consideration‚ legal capacity‚ genuine consent and legal consent. Unlike the other elements‚ consideration is not necessary in all cases. Some agreements
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