In Business‚ contracts can be considered as the heart of dealings and have to be taken with utter most consideration of the acceptance‚ however in order to understand in depth a binding agreement‚ we must first discuss‚ what determines a contract or binding agreement. These can be defined as “an agreement which the law will enforce” as well as a “promise or set of promises which the court will enforce”. To facilitate a binding agreement‚ an acceptance must occur and must be absolutely unconditional
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Nontraditional Litigation Systems Law/531 [ July 30‚ 2012 ] The traditional legal system of utilizes law as it is foundation for all decisions. Laws in the United States have four sources; constitutional‚ statutes and ordinance‚ common law and administrative. The features of these four are: * Constitutional Law is based on a formal document that defines broad powers. Federal constitutional law originates from the U.S. constitution. State constitutional law originates from the individual state
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Business 101 Module 1 Webcast 2 – Why Business Matters Business – An organization‚ which provides goods or services to satisfy customer‚ needs. Business Model – Indicates how a business generates revenue/profit. Reading 2 – Bovee and Thill ‘Looking ahead to your career’ Seeking Employment Opportunities and Information -Keep up-to-date with Business and Financial News -Networking – The process of making informal connections with business people. It can happen anywhere‚ sporting
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law In law‚ a sentence forms the final explicit act of a judge-ruled process‚ and also the symbolic principal act connected to his function. The sentence can generally involve a decree of imprisonment‚ a fine and/or other punishments against a defendant convicted of a crime. Those imprisoned for multiple crimes‚ will serve a consecutive sentence (in which the period of imprisonment equals the sum of all the sentences)‚ a concurrent sentence (in which the period of imprisonment equals the length
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Why we have laws- The law is a legal set of rules that the government and courts have made for everyone to follow. Without laws‚ confusion and chaos would occur. In extreme cases of conflict‚ a state of anarchy would develop. The person with the most strength will start to dominate and the weak and helpless would suffer. However‚ when laws are enforced‚ a sense of order is created resulting in a society where everyone can live peacefully. Why laws change-? Societies’ perceptions have changed over
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A Quiz Business Bear Question 1 5 out of 5 points To be successful entrepreneurs must be comfortable risking their money and _____ to start and manage a business. Answer Selected Answer: time Correct Answer: time Question 2 0 out of 5 points _____ boomed as mass production took hold during the Industrial Revolution. Answer Selected Answer: Skilled artisan workshops Correct Answer: Factory production Question 3
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Fun Role and Functions of Law Nicholas B. Seay LAW/421 February 4‚ 2013 Valentine Castillo Role and Functions of Law When it comes down to understanding law‚ most individuals have a better understanding of how criminal law plays a role in society instead of civil law. Modern law helps regulate business and individuals in a combination of constitutional law‚ statutory law‚ common law‚ and administrative law. These are also known as the primary sources of law as each can be used together
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THE UNIVERSITY OF ADELAIDE COMMLAW 7011 CORPORATE LAW (M) BUSINESS SCHOOL Week 3‚ Semester 1‚ 2012 TUTORIAL QUESTIONS WEEK 3 (Commencing Monday 12 March) Acknowledgement: These Tutorial Questions were originally devised by Martin Markovic‚ Senior Lecturer‚ Business School‚ University of Adelaide. Question 1 A‚ B and C are long time friends from University days. They share common interests especially with respect to
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technology introduced. Furthermore‚ training of employees to use the technology will also be costly and time consuming. More so‚ training employees could also lead them to leave the business in order to start up a new business because of the training given by management. Therefore‚ making the productivity level of the business down. If more technologies are changing then more training will be needed and this could lead to further employees leaving their jobs. Also redundancy costs will be increased if
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COMPONENTS OF BUSINESS ENVIRONMENT | |After discussing the meaning of business environment‚ now we will discuss the various components of business environment. The various components of business environment are- [pic]External environment consists of those factors that affect a business enterprise from outside. External environment includes shareholders‚ competitors‚ customers‚ society‚ government laws and regulations‚ policies and technology. External environment is generally classified into micro
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