Question 1 Explain in which way an agency may be terminated by operation of law. (3marks) Answer: An agency is created by express appointment when the principal appoints the agent by express agreement with agent. This express agreement may be an oral or written agreement between the principal and the agent. There are four factors can cause the termination by operation of law. i. Agency is terminated by frustration In Marshall v Glanvill‚ Glanvill who is a firm of drapers appoints
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enforceable in law - social arrangements‚ for example‚ or contracts which offend against public decency and public policy and those which involve criminal activity. ‘A contract is an agreement giving rise to obligations which are enforced or recognised by law. The factor which distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting parties.’ Treitel ‘A promise or set of promises which the law will enforce.’ Pollock ‘The law of contract
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between States. Peaceful settlement of dispute is an important principle of the United Nations (UN) since one of the purposes of the establishment of the UN is to bring about peaceful means in conformity with the principles of justice and international law‚ adjustment or settlement of international disputes or situations which might lead to a breach of peace.[1] All Member States of the UN are obliged to settle their international disputes by peaceful means in such a matter that international peace and
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Frustration is fourth way a contract may be discharged. We define as a Frustration when an unforeseen event which not the fault of neither parties changes the conditions of the contract as such they are very different from the occurrence of the contract made. To clearly examine if situation is frustration‚ we determine by viewing the types of frustration contracts as the doctrine. The discharge with frustration can be made when the subject matter was destroyed accidentally‚ take Taylor V Caldwell
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BT20403/Company Law Business Entities: Company Law Topics covered: Types of Company Formation of a company; • Promoters Pre-Incorporation Contract • Memorandum and Articles of Association Inconsistency between the object and the company’s activities Upon incorporation: • Company is an artificial legal person • Separate legal entity Lifting the corporate veil scs&ismk/company law CONT. 2 The Effect of Incorporation • Memorandum of Association & Articles of Directors’
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question is whether Micky has a contract with Ureach Mobile Co. Section 11 of Contracts Act 1950 provides who are competent to contract‚ that is those who are of the age of majority according to the law to which she is subject‚ have sound mind‚ and not disqualified from contracting by any law to which he is subject (KrishnanL‚ RajooL‚ & VergisA.C‚2009). On the other hand‚ the Age of Majority Act 1971 states that the age of majority is 18 years and above‚ and anyone below that age would be regarded
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involved voluntarily and involuntarily‚ feeling like that they had an obligation to protest. The issue of this question is to determine the offences committed by the China national train drivers under Singapore law. The laws they broke include the breach of contract‚ conspiracy (tort law)‚ duress and disrupting the essential services of country (Singapore). A breach of contract is committed when a party of the contract repudiates his liability under the contract before the time of performance is
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Name: ________________________ Class: ___________________ Date: __________ ID: A Business Law Mid-Term (Chapters 1-4) Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. 1. Select the best definition of ethics: a. c. the right of all persons to have the same access to the law and courts. b. ____ a fundamental principle of fairness in all legal matters. a set of principles of right conduct. d. group
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References: BPP Learning Media‚ 2010. Business Law. 2nd ed. London: BPP Learning Media Ltd. Elliott‚ C. & Quinn‚ F.‚ 2007. Contract Law. 6th ed. London: Pearson Education Limited. Wildman‚ E.‚ 2012. Contractual formalities and oral contracts. [Online] Available at: http://www.inhouselawyer.co.uk/index.php/contract/9777-contractual-formalities-and-oral-contracts
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consideration. Promissory estoppel like proprietary estoppel is popular types of equitable estoppel. The importance of equitable estoppel was stated in Crabb V. Arun DC (1976) 1 Ch 179 that “equity comes in........ to mitigate the rigours of strict law.......... it prevents a person from insisting on his strict legal rights.... when it would be inequitable for him to do so having regards to the dealings which has taken place between the parties”. An example of promissory estoppel is where A promises
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