A National Security Breach Citi mortgage‚ a subsidiary of Citi Bank has issued a national PR release. Citi Mortgage of Fenton‚ Missouri‚ has publicly notified the public as of May 20‚ 2006 several hundred mortgage applications filed by previous Citi Mortgage customers have been lost by The United Parcel Service package company of Earth City‚ Missouri. Citi mortgage member’s social security numbers‚ salary information‚ bank account identification numbers and the home address of clients and their
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PAPER – CONTRACT 1 Define contract. Explain the essentials of valid contract. A voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. 1. Essentials of a valid contract All agreements are not contracts. Only that agreements which is enforceable at law is a contract. An agreement which is enforceable at law cannot be contract. Thus
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Essential Elements of Contract Contract represents the instrument to enforce promises. Not all statements amount to enforceable promises or contracts. To enforce statements there are a number of elements which courts look for and these mainly include the presence of offer‚ its communication‚ its unconditional acceptance and communication of the acceptance. Once this has taken place then the element of consideration gives the badge of enforceability to the contract and the contract is then enforceable
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1. Identify & describe the failure points in TJX’s security that requires attention (including‚ but not limited to: People‚ Work Process‚ and Technology)? After analyzing the Ivey case on TJX data fiasco‚ I would say there were three major failure points that caused this $168MM financial hit to the corporation. • Technology: it is obvious that TJX had several technology deficiencies mainly driven by systems limitations and vulnerability. For example‚ inadequate wireless network security
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Did Amy bound by her promise? In Amy’s case‚ have no doubt‚ Amy is the offeror who provides an offer to Beryl and her family who have accepted it by receive Amy’s money or others. However‚ there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom
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Introduction Numerous data breaches and computer intrusions have been disclosed by the nation’s largest data brokers‚ retailers‚ educational institutions‚ government agencies‚ health care entities‚ financial institutions‚ and Internet businesses. A data breach may occur when there is a loss or theft of‚ or other unauthorized access to‚ data containing sensitive personal information that results in the potential compromise of the confidentiality or integrity of data. Sensitive personal information generally
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ASPECTS OF CONTRACT AND NEGLIGENCE OF BUSINESS Task: 1.1: Explain the importance of the essential elements required for the information of a valid contract? Offer A valid offer identifies the bargained-for exchange between the parties and creates a power of acceptance in the party to whom the offer is made. The communication by one party known as the offeror to the another party called the offeree b) Acceptance To constitute a contract‚ there must be an acceptance of the offer
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Contract Scenario Stanley Moore Business Law 575 December 2‚ 2013 Professor Thomas Kershaw Contract Scenario Recently‚ Danny Davidson sold a family home to his friends Paul and Priscilla Peterson whereby entering into a $250‚000 verbal agreement for the purchase of new home. However‚ Danny neglected to tell Paul and Priscilla about Ned the neighbor and the emerging dispute pertaining to the boundaries of the south property. Once the purchase was final the Petersons proceeded to invest an
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Duncan the $8000? Why? Ans: No‚ Mary is not contractually obliged to pay Duncan the $8000. In the given case‚ there are circumstances that make this contract voidable. It is seen that Mary was intimidated by the Duncan presence and immediately agreed the Duncan’s offer. It seems that Mary was under the undue influence (even if Duncan has not such intention) while she concluded the contract because Duncan has represented himself in such a way that has probability to influence the mind of ordinary
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brings an action against Dan‚ what are the legal issues involved in this action and how should each be resolved? Discuss. Issue: Is Dan liable to Pat for breach of contract. Rule: Here the agreement between Pat and Dan falls outside of Common Law and within the boundaries of the Statue of Frauds. The most relevant of the types of contracts which fall within the Statue of Frauds‚ is an agreement for the sale of land and for an interest in land‚ or an agreement by a purchaser of real property to
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