A contract can be defined as an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enforceable in a court of law (Gibson & Fraser‚ 2012‚ Business Law‚ p303). A contract must be satisfied certain legal requirements which are agreements‚ intention to create legal relations‚ considerations and capacity. Agreement = Offer + Acceptance Therefore‚ here apply the rule
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Hanoi University faculty of management and tourism MIDTERM TEST Business Modeling STUDENT FULL NAME ___________________________________________ID______________MAJOR:______ TUTOR:_________________________________ TUT:_______ DATE: ______________ TIME: 30 MINS Instruction: - You are required to complete the midterm test (including section A and B) by using Excel. - During the test‚ you must not communicate with your friends under any form. Please refer to the invigilator
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------------------------------------------------- Prepared for: ------------------------------------------------- Mr John M. Andre (Lecturer) ------------------------------------------------- Unit 5: Aspects of Contract and Negligence for Business ------------------------------------------------- Banking Academy‚ Hanoi ------------------------------------------------- Submission Date: 19th November 2012 ------------------------------------------------- No of words: 3100 words -------------------------------------------------
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went to court to sue the bank for a breach of contract. The breach was as a result of the good faith covenant and fair dealing. Additionally‚ she felt that the mortgage transaction was an example of unfair practice of violations in business under the unfair competition law of the state of California concerning unjust conversion and enrichment. On the basis of the second amended complaint‚ the bank had maintained the activity of procuring costly replacement insurance when mortgagors made a default on
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the same consequences has taken place‚ where by a prominent member of the political party (Jonathan) threatened to persuade all Richard’s existing customers to award function tenders to Jonathan’s brother. This was a business threat to Richard‚ and due to fear of losing his business and model‚ Richard could have entered the agreement but not with his consent. Besides that‚ this case is also said to be induced by ‘undue influence’ (according to section 16 (1)‚ where the relations
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it forms a mission statement. That statement allows forms to aspire to its potential while bearing in mind what it wants to avoid as it successfully grows. JetBlue and Southwest airlines mission has been primarily to govern the way they conduct business and the desire to serve customers and give direction to make service related decisions. This paper will concentrate on the differences and similarities of Southwest and Jet Blue airliners mission statements‚ the quality of each mission statements
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contract. Firstly‚ I will discuss on the basic formation of a contract that consists of the offer‚ acceptance‚ consideration‚ as well as the intention to create legal intentions. Secondly‚ I will discuss whether in terms of the four key factors‚ are they sufficient enough to allow legal enforceability‚ Thirdly‚ I will touch on what are the other factors that we have to consider in order for a contract to be legally enforceable. Lastly‚ in conclusion I will then show why I agree with the statement
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Definition of Law a. Law is defined as a set of rules and principles by which a community regulates its activities. b. Law is different and yet similar because it can be applied differently across various borders. c. Unlike law‚ internal rules and regulations of clubs‚ societies and other organizations may only be enforced within the group that governs them. d. Law is therefore concerned with the legal rights and obligations of individuals‚ business organizations‚ various entities
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Business Law Name: Course: Instructor: Date: Business Law Legal Issue Both parties entered into a legally binding contract. The legal issue is a breach of contract. For a contract to be legitimate‚ it must have the following three elements; an offer must be made; there must be acceptance‚ and finally there must be consideration. Facts: The defendant entered into a legal agreement with the plaintiffs‚ Jackson Boris and Klara Koop. The defendant made an offer
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CURTIN COLLEGE BUSINESS LAW 1100 ASSIGNMENT TWO (30%) Part A - Four step process The case study which students are required to resolve using the four step process is set out below. Students are required to apply the relevant legal concepts and principles to analyse and solve the legal issues arising in the case study by explaining and applying their knowledge of the legal principles and rules arising in Australian legal system: topic four to five inclusive. Please note also that
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