Subject Business Law Subject Number BBC131 Trainer Mr Tony Antoniou Due Date 7th Oct 2012 Chapter 1 LEGAL FOUNDATIONS Tutorial Questions 1 Why did common law become so rigid and flexible? The social behaviour of surroundings where society
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There are many laws in the world today that some may find are neither rational nor fair for all the parties involved in the situation. I have chosen two laws that I do not think are logical‚ these two are apparent authority and executory process. The first law I will be discussing is an agency this is the right one person has to execute business on behalf of another person or corporation. There are three important parties involved in an agency relationship; the agent (this is who can enter a contract
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Executive Summary Various issues in the common law arise when agents make contracts on behalf of principals. Should a principal be bound when his agent makes a contract on his behalf that he would immediately wish to disavow? The tradeoffs resemble those in tort‚ so the least-cost avoider principle is useful for deciding which agreements are binding and can unify a number of different doctrines in agency law. In particular‚ an efficiency explanation can be found for the undisclosed-principal rule
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Business law *CONTRACT 1) consent- both parties agreed to the conditions of the contract The OFFER should be certain. *Vices of consent (contract is voidable) 1) error or mistake- honest mistake in the amount/ contract. Ex: error in number of units 2) violence or force- forced someone to sign a contract. You never really want to sign it. 3) intimidation or threat or duress- same with number 2. 4) undue influence- ex: superior talking to an employee “if you did not sign the contract meaning
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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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included contracts of utmost good faith‚ statement which are only partially true or distort the truth‚ and the statement which are true at the time of making but change before the contract is entered into. There must be a false statement of fact or law as oppose to opinion or estimate of future events in the case of Bisset v Wilkinson3. At the same time the representation must be untrue. And the person making the representation must know that it is false‚ or not believe in its truth‚ or be recklessly
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Malia Thao Business Entities‚ Laws‚ and Regulations Paper Bus415 Shenia C. Kirkland‚ Esq May 17‚ 2011 Every business has rules and regulations that must be obeyed and respected. These laws are made up not to restrict business from running the way they want to but to keep equality and safety as a priority. In our modern age the safety and equality of all individuals are held as first priority and in order to protect everyone rules and regulations are made in order to ensure safety. Another
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deliberate intent to cause harm that exists when a person makes a statement with either knowledge of its falsity or reckless disregard of the truth. actual malice is required to establish defamation against public figures. appropriation In tort law‚ the use by one person of another person’s name‚ likeness‚ or other identifying characteristic without permission and for the benefit of the user. assault any word or action intended to make another person fearful of immediate physical harm—a reasonably
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Lakeview Developments is a development company which plans to demolish the house and build some apartments. The contract was signed by Nicole and was also signed ’for and on behalf of Lakeview Developments Pty Ltd’ by Anthony Blunt‚ who showed her his business card describing him as the ’Developments Manager’ of Lakeview Developments. Nicole has just been informed by the company that‚ as Developments Manager‚ Anthony did not have authority to enter into the contract and the company
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Business Entities‚ Laws‚ and Regulations Paper By: Edmond Akopyan BUS/415 December 15‚ 2010 Instructor: Mark Oertel Starting a business requires some research on licensing‚ state laws and regulations and finally getting things started. It also requires looking into the business entities‚ taking control‚ taxation‚ and of course taking liability issues into consideration. It is important for the business to be able to protect itself. In this paper‚ an extermination business
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