Federal court The Federal Court is the highest judicial authority in the country. It was established pursuant to Article 121(2) of the Federal Constitution. Its decision binds all the courts below. The Federal Court hears appeals from the Court of Appeal. Leave to appeal must always be obtained prior to proceeding with the appeal. The Federal Court is headed by the Chief Justice. According to Article 122(1) of the Federal Constitution‚ the Federal Court shall consist of the Chief Justice‚ the President
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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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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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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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In the business world‚ people need to comprehend the business law and legal work that applies for all their business activities. Each decision that many industries makes must be considered from a legal point of view in order to ensure that it avoids severe lawsuits and satisfies the law. It is‚ especially‚ essential for people to understand the law applications that goes into a situation because there are many cases where there are various laws included in the matter. Because of those various laws
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Question (a) Identify the principle of law The principles of law relevant to this question are the doctrines of intention and consideration. Explain the rules of law The doctrine of intention is an undertaking by both sides of an agreement to be legally bound either by an informal agreement such as verbal intention to purchase or act‚ or a written document stating intention to purchase or act‚ which could be in the form of a letter or a written statement as compared to a formal agreement
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BUSI 2601: BUSINESS LAW CHAPTER 1: THE ROLE OF LAW How Do We Define Law? 1. Law is needed to protect persons and property; it prohibits conduct that society believes to be harmful to others. The law punishes a wrongdoer who is found guilty of such conduct‚ and usually also give the vistim a right to obtain compensation from the wrongdoer. It prescribes simple but vital rules that allow us to get on with our everyday lives. 2. Law gives government the powers to act for the benefit of society
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Protection Dealing with government regulation in business is an integral part of a manager’s responsibilities. Recognizing what actions might violate particular consumer protection regulations is crucial to protecting the company and to insuring its profitable operation. Government regulation is found every day in the operation of businesses large and small‚ and once understood‚ it allows managers to make good decisions regarding business practices. When you have completed this topic‚ you will
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Selene Cordeiro Mrs. Ruffell ENG4U1-05 December 18‚ 2014 Fifth Business Questions Chapter One: Mrs. Dempster The event that irrevocably altered Dunstable Ramsay’s life was his first encounter with Mrs. Dempster. She was the wife of the town’s Baptist pastor‚ Amasa Dempster‚ and was with child at the time of this untimely encounter. It was 5:58 PM on December 27th‚ 1908 and Dunstable “Dunny” Ramsay was retreating back to his home in Deptford‚ Ontario‚ after a long day of sledding with his lifelong
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Business law LAW OF CARRIAGE:- Defination of law of carriage: Law of carriage means carrying goods from one place to another against the price. It is the branch of business. Carriage is the basis for the management and operation of business successfully and effectively. It is the factor of business activity that helps to mobilize the labor‚ raw material‚ and tools and machinery etc. Modern business activity are based on the exchange of goods and transportation of goods from one place to another
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