Chapter 2 : The Indian Contract Act 1872 Definition Sir Frederic Pollock - “Every agreement and promise enforceable at law” According to Sec 2(h) “An agreement enforceable by law Agreement – Every promises and set of promises forming consideration for each other. Essential Elements of Valid Contract Minimum Two Parties – one party has to make an offer and other must accept it. Offer & Acceptance – There must be an offer and acceptance to the offer‚ resulting into an agreement. It should
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bankrupt Demonstrate Internet opportunities for traditional retailers Show cost/profit modeling for effective e-business planning My motivation for this article is the analysis of commercially successful and commercially failing online grocery retailers. I have experience as wholesale supplier of two well managed but failing online grocery businesses. Management Summary Success of online grocery shopping depends on market potential and distribution costs. These key issues are interdependent
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dangerous products‚ where the risk involved substantially outweighs the benefits” (Okrent‚ 2009). Product liability is any form of liability arising out of the use of a defective product. A plaintiff can bring three different causes of actions depending on the facts: strict tort liability‚ negligence‚ or breach of warranty.” Under products liability‚ the manufacturer or the seller of a product is absolutely liable for a defective product that has caused an injury (Okrent‚ 2009). Cindy was an avid
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Legal Forms of Business Choosing a form of business for a product or type of service depends on the liability an individual is willing to assume‚ how much involvement an individual wants in the day-to-day work‚ and how much control an individual wants over the business. Prior to making a choice‚ an individual must understand each form of business as well as the risks and rewards for each. There are numerous forms of business‚ including sole Proprietorship‚ Partnership‚ Limited Liability Partnership
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Legal considerations The legal aspects are important for the business choice. Laws are different in every country. Laws would regulate business practice‚ define the manner and set down the rights and obligations. This made business have to run within the border set by law and definitely affects the efficiency and profitability when running business in that country. The type of legal system. The legal system in Spain and Korea is based on civil law‚ while court precedents are not granted official
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DANANG UNIVERSITY OF ECONOMICS HND IN BUSINESS (MANAGEMENT) ASSIGNMENT COVER SHEET NAME OF STUDENT REGISTRATION NO. UNIT TITLE Unit 5 Aspects of Contract and Negligence for Business UNIT CODE Y/601/0563 ASSIGNMENT TITLE World Auto Company ASSIGNMENT NO 1 of 2 NAME OF ASSESSOR Mr. Ananta Kar SUBMISSION DEADLINE 10 October 2014 I‚ __________________________ hereby confirm that this assignment is my own work and not copied or plagiarized from any source. I have
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claim can be pursued in a lawsuit or other court action. actual malice The 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
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With the introduction of its innovative "Name Your Own Price" services program in April 1998‚ Priceline provides this unique transaction service allowing consumers and businesses to leverage the Internet for the buying and selling of leisure airline tickets‚ hotel rooms‚ rental cars‚ cruises‚ vacation packages and even home mortgages. Since launching its business‚ priceline.com has sold millions of airline tickets‚ hotel room nights‚ and rental car days. Priceline.com is the patented Internet pricing
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ABOUT THE INDIAN BISCUIT INDUSTRY Biscuits are a household name these days. The markets are flooded with biscuits of everytaste and for every age group. Sometimes it would be just difficult for us to decide on what togo for. These are good combinations with a hot cup of Tea or a coffee. They make a quick and a tasty snack any time and in any situation.In India per capita consumption of biscuits is estimated at a low 1.5 kg‚ reflecting the huge potential for growth of the industry. Over 900 million
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Business Law Can Big Bank’s president rescind the contract? Yes‚ but this is an involved process and both parties need to agree to modify it. This is because both parties had problems fulfilling their parts of the contract. Also‚ an organization (the Big Bank) can cannot eradicate the business contract‚ because since their party did something improper (that seems to be them whom input the data incorrectly). Under what circumstances can a contract be rescinded by either party? This can happen when
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