Law of Agency – the Contracts Act 1950 Great Northern Railway Co v Swaffield states that where impossible to get principal’s instructions‚ the agent’s action is necessary to prevent loss and the agent has acted in good faith‚ an agency of necessity arises. The Contracts Act 1950 states that an agent has to obey principal’s instructions. The Contracts Act 1950 states that an agent has to be careful‚ diligent and use any skill that he may
Premium Agency law Business law Agency
Contract Disputes Vanessa Bray Lee Strayer University BUS501-044 December 9‚ 2011 Dr. William Hadyn Roberts “CONTRACT DISPUTES REACH 15-YEAR HIGH”‚ was the heading of an article published‚ December 1‚ 2010 in the Government Executive. The heading in itself tells us that the government is doing more and more business by contract and as a result contractors who are lobbying for government business have become more aware of their rights to file disputes when it involves a loss of potential
Premium Contract
Construction Contract Assignment A normal contract is an agreement with specific terms to do something in return for something and follows the procedure of offer‚ acceptance‚ consideration‚ contractual intention and form of contract. A standard building contract in essence has a lot of similarities however there are four main differences making it ‘special’. A normal sale of good contract has a visible end product‚ in construction on the other hand it’s a concept to start with; this creates a large
Premium Contract Contractual term
Contract Reflection Yinan Edwards Law 421 7/14/2014 Miriam Gold Contract Reflection After four weeks of studying‚ I found it that I am comfortable with week 2 and week 3‚ but I struggled with week 1 and week 4. Since my background is different from others‚ and China has few in common with the American law system‚ I found it very difficult to understand the law structure and the UCC sales. In the other hand‚ I had a few jobs in a special field‚ and I have run into some problems which are related
Premium United States United States Constitution Law of the United States
In Malaysia‚ our contract law is basically governed and enforced by the Contract Act 1950. The remedy of specific performance presupposes the existence of a valid contract between the parties to the controversy. The terms of the contract must be definite and certain. This is significant because equity cannot be expected to enforce either an invalid contract or one that is so vague in its terms that equity cannot determine exactly what it must order each party to perform. It would be unjust for a
Premium Contract
the following goods on or before May 31‚ 2012 (the “Goods”) a. 10‚000 widgets Purchase Price 2. The Purchaser will accept the Goods and pay for the Goods with the sum of fifty thousand ($50‚000) USD‚ paid as follows: a. Down payment of $5‚000 upon contract execution b. the remainder of the purchase price within 10 day of receipt of delivery of the Goods. 3. Payment of the Goods will be made to the Seller when the Purchaser has confirmed receipt of the Goods. Delivery of Goods 4. The Goods will
Premium Contract Warranty Implied warranty
The psychological contract is a little difficult to define because as George (2009‚ pg3) states it ‘is implicit in that it is unspoken‚ unwritten and often only becomes apparent when it is breached‚ causing feelings of violation’ none the less it is extremely important part of the business and can be what ‘binds the employee and the employer together’ (Robinson and Rousseau‚ citied in George 2009 pg4) ‘through the mutual expectations of input and outcome’ outlined by Businessballs (2010) CIPD (2004
Premium Employment
A contract intends to formalize an agreement of two or more parties‚ in relation to a particular subject. Contracts can cover an extremely broad range of matters including the sale of goods or real property‚ the terms of employment or of an independent contractor relationship‚ the settlement of a dispute and ownership of intellectual property developed as part of work for hire. Essential Elements of a Contract * Clear certain and communicated agreement. Meaning that the parties are consensus
Premium Contract Contract law
Contract Performance Joseph Dorow Strayer University BUS 501 Government Acquisition Instructor: Dr. Vic Villarreal December 2012 Contract Performance Summarize the report‚ with particular attention to the issue of contract performance. I chose the report with a Lancer Clothing Corporation protest alleging “Workroom for designers does not have a commitment for the lining material supplier who is reputable‚ and that it lacks sufficient production capacity. Lancer also alleges that the principal
Premium Contract Contractual term
ont Contract Paper Michael Labbe University of Phoenix Business Law HRM 531 Donna Ross January 28‚ 2013 Contract Paper Contracts regardless if they are written or verbal have the same basic components. The four components are (1) Mutual assent‚ (2) Agreement‚ (3) Exchange‚ and (4) Non-violation of public law. If the key components of a contract are met they will be enforceable in a court of law. In modern society it is more commonplace for contracts to be written so all parties
Premium Contract