profit. Canny Gabrial Castle v Volume Sales(p200): Canny Gabrial argued that the 2 companies were joint ventures Decision: Agreement was partnership Polkinghorne v Holland(p205): Was the giving of financial advice outside the ordinary business of the law firm‚ such that the partners would be jointly liable Decision: Held that the firm was liable for the actions of hollan’s son Lec 5 Chap 13 Balfour v Balfour(256): At the time of the agreement‚ did the parties intend the arrangement
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Name________________________ Student #_____________________ MGT 181 L. Jean Dunn‚ Jr. MIDTERM EXAMINATION PLEASE SHOW YOUR WORK. IF YOUR WORK IS NOT SHOWN YOU WILL NOT RECEIVE ANY PARTIAL CREDIT 100 Total Points 1. “Most CEOs come from a finance background. The reason for this is because they know and understand the financials‚ how the company operates and the language of finance which assists in fund raising.” Please state whether the state whether the statement above is True or
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Introduction to Business Law- Assignment 1B Advise TLC Ltd. as to any possible action they may have for misrepresentation against answer Ltd. _____________________________________________________________________ Treitel in The Law of Contract (2003) defines a contract as: “An agreement giving rise to obligations which are enforced or recognised by law. The factor which distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting
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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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contract who is of age of majority according to law to which he is subject‚ and who is of sound mind‚ and is not disqualified from contracting by any law to which he is subject.” It means that the following three categories of persons are not competent to contract. 1. A person who has not attained the age of majority‚ i.e.‚ one who is minor. 2. A person who is of unsound mind 3. A person who has been disqualified from contracting by some law. Although the above mentioned categories of
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Lecture 1: The importance of Business Ethics * 1st part : Introduction Ethics in General: Ethics is simply how people try to live their lives according to a standard of what is good or bad. They apply these standards both in how they think and how the others behave. Two way relationship. Example : MY friend left his wife for someone else. How do you think ? Unethical‚ so I behave in a way to not to talk to him anymore. My friend considers what I did as unethical‚ we’ve been friend for
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Structure: 1. Introduction：what happened to the news of the world‚ and its brief impact 100 2. Body: 2.1 Question 1:using ethical theories and frameworks. Key ethical issues in the news of the world 850 words Utilitarianism‚ deontology etc. 2.2 Question 2: corporate governance and accountability‚ to what extent the news of the world failed. 450 words Developing cultures‚ code of conducts‚ ethical leadership 2.3 Question 3: Three practices to consider to avoid (what should have done to the
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produce a written answer for each of the following problem questions using the ILAC approach and bring your answers in print form to your tutorial class on Teaching week 3. Topics Topics 1 and 2 – Introducing Law and Exercising Legal Skills Your preparation Read Chapters 1-3 of Business Law and attend the Lectures on the first two topics. Problem 1: There are a number of websites devoted to the republic issue. Sites such as that of the Australian Republican Movement (www.republic.org.au) support
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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
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Business Law assignment In early 2013‚ Beauty- a property developer and Stylish- their customer have a contract over a new house in the eastern sector of Singapore. The house was completed in late 2013. Stylish isn’t happy with the contract because blinds‚ curtains and other window coverings were not provided in the new house. In this research paper‚ we will advise and discuss about Stylish’s contractual rights in relation to the window coverings. Firstly‚ we need to see if this contract is valid
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