AB1301 Business Law 2012/13 Semester 1 TABLE OF CONTENTS CHAPTER 3: OFFER AND ACCEPTANCE ........................................................................................... 1 3.1 Offer ........................................................................................................................................... 2 3.2 Acceptance ................................................................................................................................ 3 3.1 Electronic
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Comparative Law Case 1-1. IGNACIO SEQUIHUA V. TEXACO INC. ET AL. United States District Court for the Southern District of Texas‚ 1994. FACTS: Plaintiffs‚ Ecuador residents‚ filed suit in Texas over alleged environmental damage in Ecuador. Plaintiffs pray for money damages‚ an injunction to clean up‚ and a court-administered trust fund. Defendants bring motions to dismiss. ISSUE: Should the court decline to exercise jurisdiction based on the doctrine of comity of nations? HOLDING: Yes. LAW: Section
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statements in this document are at variance‚ or in any way inconsistent‚ with the provisions of the Act or Rules‚ the latter will prevail. Wherever appropriate‚ reference to case laws‚ representing decisions of Court in India and other countries have been indicated to facilitate better understanding of the law. This draft manual is evolutionary and will be updated from time to time in the light of important judgments and decisions of courts involving interpretation of the provisions
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Introduction Acts of Parliament (or statutes) are the form of primary legislation that is the law enacted by the Queen in Parliament (Keenan‚ Riches and Allen 2011‚ p. 15). In addition‚ legislation is one of the main sources of English law today. This essay is mainly about basic knowledge of primary legislation and my understanding of its superiority and limitations. This essay will introduce how an Act of Parliament is created‚ followed by disclosing the reasons. Next‚ it will explore the advantages
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Harry (H) who is the father of James (J) is attempting to sue J for a breach in contract and is seeking damages of $30‚000 which he believes is the outstanding amount that is owed to him by J. This case touches on the fundamental concepts of contract law where H can only claim damages if the formation of a valid contract between the two parties is evident via the elements of a contract‚ including intention‚ agreement‚ consideration‚ legal capacity‚ genuine consent and legality of objects must be established
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ANSWERS TO AICPA QUESTIONS CHAPTER 10 INTELLECTUAL PROPERTY RIGHTS AND THE INTERNET 1. (a) Computer software is covered under the general copyright laws and is therefore usually copyrightable as an expression of ideas. Answer (b) is incorrect because copyrights in general do not need a copyright notice for works published after March 1‚ 1989. Answer (c) is incorrect because a recent court ruled that programs in both source codes‚ which are human readable‚ and in machine readable object
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Question - Differences between a limited company form of business and a sole trader form of business ____________________________________________________________ __________________ Sole Trader A structure in which a business is owned by one person‚ acting under their own name or using a ’trading name’. This person is fully liable for the company’s debts and contracts and there is no distinction in law between the business and their own personal wealth i.e. unlimited liability. This means
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Business Law – Outcome 2 (Law of Contract) Identify and describe the essential elements of a contract There are 3 essential elements in a contract: * There must be an agreement on all material aspects (Consensus in idem) Both or all parties in a contract must have the same understanding of all terms within the contract. To reach and consensus in idem‚ any acceptance must meet one of the offers made. If a party makes changes to the original offer then this is considered a conditional offer
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Chapter 1 Law is so diverse and complex; although what law does is helpful: the law sets basic standards of behavior that are enforced by government and also by individuals and groups • Freedom from violent conflict • Rules of conduct for different reasons Why do we have- need- law? • 1) Law is needed to protect persons‚ property‚ and society as a whole. It can not force someone to do something; ordinarly relations‚ reasonable‚ and predictable o ie) by requiring all types of vehicles to drive
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Jessica Schmitt Business Law Chapter 15: 8. Sears‚ Roebuck and Co promised to give Forrer permanent employment‚ so he sold his farm at a loss to take the job. But shortly after beginning work‚ he was discharged by Sears who claimed the contract could be terminated at will. Forrer claimed that the promissory estoppel prevented Sears form terminating the contract. Under promissory estoppel a promisor may be prevented from asserting that their promise is unenforceable because the promise gave no consideration
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