Sterling computer has entered into a partnership with NoBugs a microchip processing computer. The collaboration was developing into a something successful until an incident put a strain in the business relationship. Some month ago Sterling computer has had several of their computers explode shortly after customers install them. Upon an investigation which was conducted by Sterling researchers have discovered evidence of NoBugs’s microchips aggravating a dormant defect in their computers‚ causing
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Business Law What is Business Law? Businesses interact in many and varied ways. To name just a few types of business transactions‚ there are contracts‚ mergers and acquisitions‚ leasing‚ etc. How these transactions are carried out is overseen by Business Law. Additionally‚ how businesses are formed is a large part of Business law. This area of law is very wide-ranging‚ although it deals primarily with defining the rights and responsibilities of businesses‚ rather than enforcing these laws. Because
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Unit- 5 Indian Sale of Goods Act‚ 1930 1. Contract of Sale – Meaning A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another [Sec 4(1)]. A contract of sale may be absolute or conditional [Sec 4(2)]. The term ‘contract of sale’ includes both a ‘sale’ and an ‘agreement to sell’. 2. Essentials of a Contract of Sale (Refer text for details)
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"As freak law‚ the antitrust laws stand alone. Nobody knows what it is they forbid." In 1914 Congress legislate the Clayton Act‚ which forbidden particular trade actions if they significantly reduced competition. Simultaneously Congress initiated the FTC (Federal Trade Commission)‚ who’s judicial and business specialists could pressure business to agree to "consent decrees"‚ which gives a substitute instrument to guard antitrust. 2.1 Extraterritorial application of U.S. Antitrust law Extraterritorial
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Smith but it cannot be enforceable by law. 09. Yes‚ Leitner’s proposal was supported by consideration because he was promised to pay 3‚500 within next 5 years‚ but his son refused to pay the partners the amount agreed on. 10. When the common object of a contract can no longer be carried out‚ the court may declare the contract has been frustrated. There are some ways of frustration. The names are given below: I. Destruction of an object‚ II. Changes of law‚ III. Failure of pre-conditions IV
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Question 1 The issue of this question is whether Scott and Kyle can bring legal action against Wayne for what they feel is a breach of contract. Under the law governing offer and acceptance‚ a valid offer has been made through an advertisement. In order for an offer to be accepted‚ the party must entirely accept the offer. The rules governing acceptance has to be positive not passive. Silence does not forms acceptance. The general rule of acceptance is that the acceptance must be received by
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refused to carry out it. The different point is case did not have the intention to create a legal relations‚ but Anthony’s case did. Therefore‚ the previous one is not binding‚ but the latter one is binding. The second condition is about the family law‚ there are two different cases and they happened between husband and wife. The first one is Balfour v Balfour (1919)‚ it states that the husband promised to give the wife maintenance payments‚ because he worked overseas. After reaching this agreement
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Course: MAN 224: Business Law College: California College San Diego Instructor: Mr. Henry Rau Student: Mr. Tyrell Wilson Subject: Week 2: Assignment 2: Chapter Review Questions: 5 thru 13 Due Date: February 5‚ 2015 @ 11:59 PM I. Chapter 5: Nature and Classes of Contracts 1. Why are contract so important to business? Answer: Contracts are extremely important in business because they form the very foundation upon which all modern business rests. 2. Name the five requirements
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if management thinks it’s warranted.” Profits remain high‚ but no bonus is paid. If the employees sue‚ would a court enforce the promise? The fact that a promise has been made does not mean the promise can or will be enforced. Under the common law‚ a primary basis for the enforcement of promises is consideration. Consideration usually is defined as the value (such as cash) given in return for a promise (in a bilateral contract) or in return for a performance (in a unilateral contract) Something
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Peaceful laws positively affects a free society because they will won’t get beat up if they don’t harm other people. This will keep people out of harm. People protested just so they can solve a problem with the government. People tried to have a peaceful protest even though some people are so racist. “African-Americans endured racial prejudice that compelled them to fight racism in World War II while fighting in segregated units. It was particularly hard to accept because the war was fought against
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