accepts the offer and they sign a contract to that effect. After the contract is signed‚ Teri learns of a Boston rule that all firefighters must live within the Boston city limits. Teri decides not to move and contacts Jack to let him know she won’t be moving after all. Jack sues Teri in municipal court‚ asking for specific performance in accordance with the original deal. Teri argues that‚ although specific performance is usually appropriate in land sales contract cases‚ the judge has the discretion
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Introduction A contract is defined as an agreement enforceable by law. Hence for all contracts there should have an agreement. The agreement arises by one of the parties making an offer and its acceptance by the other party. Both offer and acceptance create an agreement. In simple contract should first contain an offer made by one party to the other. What is an offer? As per Sec 2(a) of the contract act “When one person signifies to another his
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Living with the In-Laws “Everybody Loves Raymond” is a comedy TV show where a couple lives together and their in-laws spend most of the time at the couple’s home. In reality‚ people may think that there is nothing funny about having to share a home with the in-laws. However‚ living with the in-laws is a situation some married couples face. Sometimes it is early in the marriage until the couple gets on their feet financially. Other times it occurs when parents get older and need care. Whatever
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Are Arranged Marriages an act of love‚ or perhaps even torture? I find it difficult to see how anyone could possibly approve of arranged marriages. In an arranged marriage‚ the bride and groom are selected by a third party rather than each other. Arranged marriages are most common in the Middle East and parts of Africa and Asia - however with 55% of marriages in the world being arranged- you would be likely to find cases of arranged marriages anywhere you go. There are many different types
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common law‚ a contract is a legally binding agreement between two or more parties that sets an exchange of promises of what each party will or will not do".(Elliott‚2011‚p.13) The contract can be unilateral and bilateral. if the oferee can accept simply by promising to perform‚ the contract is bilateral. Bilateral contract is a "promise for a promise"‚ and in order to be formed‚ is not need for consideration to be made at the time when the promises are exchanged . In a unilateral contract‚one party
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3‚ 2015 Theology of Marriage Professor Dart Exam 1 Essay “The secret to a happy marriage is if you can be at peace with someone within four walls‚ if you are content because the one you love is near to you‚ either upstairs or downstairs‚ or in the same room‚ and you feel that warmth that you don’t find very often‚ then that is what love is all about.” This quote by Bruce Forsyth does a great job of summing up what marriage is all about‚ peace and love. There are many marriages out there in current
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Gay Marriages In today’s society‚ Americans have to face the fact that the decrease of marriages raises a serious social problem throughout the country. Legal battles have repeatedly shown that the strength to prohibit or ratify gay marriage is decided by each states governing body. So why does the United States of America not have a federal law against gay marriages? David Frum‚ a conservative‚ debated on the topic of gay marriages. Frum has many good points of why gay marriages should
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Why do they call these contracts derivatives? Where is the optionality in these contracts? Weather derivatives structures commonly used are: i) cap - a call option; ii) Floor - a put option; iii) Collar - a put and a call option‚ usually with little or no premium; iv) Swap - a derivative with a profit and loss profile of a futures contract v) Digital option - an option that pays either a predetermined amount if acertain temperature or degree day level is reached‚ or nothing at all in other
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Fixed-Price Contract or Cost-Reimbursement Contract Willie Glover BUS 501 February 20‚ 2011 Dr. Nick Nayak Abstract Fixed-price contracts and cost-reimbursements are two different forms of contracts used by the federal government while determining contract pricing. Contracting officers may use either when contracting however there are several types of fixed-price contracts. Fixed-price type of contracts provide for a firm price or an adjustable price. Fixed-price contracts consist of firm-fixed-price
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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
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