Role and Function of Law Law/ 421 January 11‚ 2013 Professor Gary Matano The law plays an important role in business and society. The law imposes rules and regulation that carry out the moral standards of business and society. The laws help maintain the policies and ethical conduct of individuals‚ groups‚ and corporations run smoothly. In business law can build goodwill between merchants and consumers. This should be considered in commercial
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contract is agreement concerning promises made between two or more parties with the intention if creating certain legal right and obligation upon the parties to that agreement which shall be enforceable in court law. The Trade practices act 1974 (Cth) particularly s52 cover the contract law: seven elements to create a simple contract‚ which are listed as the following: * Intention * Agreement * Consideration * Capacity * Consent * Legality purpose * Form Acceptance
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Introduction In the Law of Contract the phrase “mistake” & “Misrepresentation” is applied when one or both parties of a contract act under a false or mistaken understanding. Mistake can be defined by Pendleton ‚ Vickery (1998)‚ [1] as; ➢ A misunderstanding regarding a fact‚ causing one or more parties to hold disagreeing beliefs about the foundation of a contract. Mistakes can be made in the form of a contracts subject matter or as a mistake of identity. There are 3 different types of mistake
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Business & Company Law – ’11-’12 – Question 1 Introduction: Whenever a contract is to be formed‚ there are certain elements which should meet the requirement in order for it to be established. They are offer‚ acceptance (agreement)‚ consideration and intention. * Definition: Agreement – Is formed when an offer is made and accepted. * Communication: Must be communicated * Except in the case of a unilateral contract. * Two types of Communications: * Instantaneous
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Business Law Notes- July‚ 10‚ 2008 Review from previous class session July 3‚ 2008 The Rules of Law regulate relations Public Law: Relations between state and individuals • Exercise of power for state authority • Based on the Roman-German Tradition • Associated with the meaning of ‘Res Publica‚’ (which means State & Society collectively) • Great Importance placed on Public Law-according to the European Continental Tradition Anglo-Saxon Law: Based on Common Law • Case Law (law
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w 1. | | | In deciding a case‚ a court will not use common law if there is a statute that applies to the dispute. | | Student Response | Value | Correct Answer | False | 0% | True | | Score: | 0/2.5 | | | 2. | | | Dicta is another term for “controlling precedent.” | | Student Response | Value | Correct Answer | False | 100% | False | | Score: | 2.5/2.5 | | | 3. | | | One of the important powers of courts in the United States is to
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settlement in 1788 How laws are classified The different meanings of the terms “common law” and “civil law” What happens if there is a conflict between common law and statute law What is a ’federal” system of government and how this operates in Australia The doctrine of “separation of powers” and division of power under the Commonwealth Constitution How a law is made through the Australian Parliament Tutorial Questions 1. How does law regulate business conduct? 2. Briefly explain
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Contributory negligence vs. Comparative negligence Megan Kelly Colorado Technical University Online Abstract Law and medical law can sometimes be confusing. Some of the terms seem to mean the same thing or even sound the same. Contributory negligence and comparative negligence are two legal terms that have almost the same definition. This report will explain the difference between the 2 negligence as well as an example
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1.INTRODUCTION Bangladesh is a combination of competitive market‚ business -friendly environment and cost structure that can give the best returns. Bangladesh offers a well-educated‚ highly adaptive and industrious workforce with the lowest wages and salaries in the regio n. 57.30% of the population is under 25‚ providing a youthful group for recruitment. The country has consistently developed a skilled workforce catering to investors needs. English is widely spoken‚ making communication easy
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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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