important to understand on how a contract is formed and what are the steps and requirements to make sure the contract stays legally enforceable. In order for a contract to exist‚ there are four key elements to it. An offer must firstly be made by the offerer‚ followed by the acceptance of the offer by the offeree. Considerations must also be done under seal and deed and there must be an intention to create legal intentions for the contract. All these terms must be fulfilled‚ as any terms left unfulfilled
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regulation in Saudi that has specific implication when settling disputes. It is forbidden in Islamic law by Qur’an when the operation concerned is risky and could result in deceit of one of the parties (http://www.investopedia.com/terms/g/gharar.asp). In this case‚ the U.S could claim that the reparation cost of breaching the contract could be classified as Gharar as it is specific to Islamic law: Saudi being an Islamic country with applicable jurisdiction‚ the US could claim gharar as the cost of
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BUSINESS LAW ASSIGNMENT ------------------------------------------------- “To create a binding agreement the acceptance must occur‚ and that ‘acceptance’ must be final and absolutely unconditional. This is clear under Australian contract law.” ------------------------------------------------- ------------------------------------------------- Discuss the accuracy of this statement. In order to discuss the accuracy of this statement we must first understand the concept of ‘acceptance’. The
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Being Tempted with an Offer What a crazy busy week! I still can’t believe the opportunity that I was afforded this week. Sometimes things happen sooner than I expect them to which can catch me off guard. Because of how well I am doing at work I was asked to interview for a higher position within the company. Without much time to prepare I still made sure that I took at least an hour to stop and think about how this promotion could affect my life in many ways. I made a list of pros and cons of promoting
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INTRODUCTION The law of contract is the collection of legal rules which govern contracts. These rules‚ in turn‚ are part of the law of obligations‚ a subdivision of the law of property which is traditionally regarded as part of private law. Private law governs the persons (legal subject) in their personal or private capacity before the law in relation to other legal subjects. In other word‚ private law can be defined as balance and protect legitimate individual interests. Traditionally private law‚ being
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bargain means a person inviting others to make an offer in order to create a binding contract. An example of invitation to treat is found in window shop displays and product advertisement. . In another words it is a special expression showing a person’s willingness to negotiate. The issue of invitation to treat was discussed in the case of Fisher v Bell[1961] 1 QB 394 by the English Court of Appeal : “It is perfectly clear that according to the ordinary law of contract the display of an article with a
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police departments because law enforcement is societies first call for protection. Additionally‚ like the The Executive Order 13688 stated‚ “ The purpose of providing this equipment to Law Enforcement Agencies (LEAs’) via Federal programs is to enhance and improve the LEAs’ mission to protect and serve their communities (Law Enforcement Equipment Working Group‚ 2015). However‚ with that being said‚ as the stakeholders mentioned in the Executive Order 13688‚ policies
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Standard” and “Two Offers” both told a story about a girl that was charmed by a man that didn’t truly love them. At first everything was love and happiness until the man showed their true colors‚ Harper expressed in “A Double Standard”‚ “Can you blame me that I did not see Beneath his burning kiss The serpent’s wiles‚ nor even hear The deadly adder hiss?” (456). That love is blind and falling for someone before getting to know the real them can lead to a loveless relationship. In “Two Offers” Janette asked
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Introduction The law of contract is applicable not only to the business community‚ but also to others. Every one of us enters into number of contracts almost everyday‚ and most of the time we are doing so without realizing what we are from the point of law. The law of contract furnishes the basis for the other branches of mercantile law. The enactment relating to sale of goods‚ negotiable instruments‚ insurance‚ partnership and insolvency are all founded upon the general principal of contract law. Definition
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contract will likely be held unenforceable. Offer and Acceptance Agreement = offer + acceptance Requirements of a valid offer * Offer must be definite. It must not: * Leave aspects of the agreement dependent upon the future will of parties (Kantor v Kantor) * Leave aspects of the agreement blank or open to subsequent negotiation (Bundell v Blan & King v Potgieter & Finestone v Humburg) * Contain wording which is vague * Offer must be made with the intention of being accepted
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