BUSINESS LAW. I SEM MBA ONE MRKS QUESTIONS: 1. What is void agreement Void means having no legal value and agreement means Arrangement‚ promise or contract made with somebody. So void agreement means an agreement that has no legal value. “An agreement not enforceable by law is said to be void”. [Sec 2(g)] A void agreement has no legal effect. An agreement which does not satisfy the essential elements of contract is void. Void contract confers no rights on any person and creates no obligation
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In answering the question‚ I will explain the difference between subjective and objective views of agreement. Identify which is used in English Law and why? Examine the relevant theories applicable to objective views on agreement. Look at the types of evidence that are used to make objective assessments and finally identify any exceptions to rule. When determining whether an agreement exists between parties we must look at the intentions of each party. It is possible to analyse the intentions
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"In the last years‚ we have seen the WTO being stuck‚ while regional & bilateral trade agreements gained ground‚ so how would you assess the role of the WTO in the upcoming decade and do you think that the WTO will need to adjust to this new environment‚ if so‚ how?" The proliferation of preferential trade agreements and regional trade agreements have in the global trading environment have seen has significantly shaped the day to day conduct of international business transaction since the GAAT formally
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decided to join the organization‚ making it become well known as the ASEAN-6. Following Brunei‚ in 1990s‚ Cambodia‚ Laos‚ Myanmar and Vietnam (CMLV) also joined the bloc (Chia‚ 2004). In 1992‚ a free trade agreement‚ namely ASEAN Free Trade Area (AFTA) was introduced. According to the agreement‚ tariffs are reduced to zero percent by 2010 for ASEAN-6 and by 2015 for CMLV (Chia‚ 2004). China is one of the largest emerging economies in the world today. Its entry to the World Trade Organization (WTO)
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Free Trade Agreement between the Government of the Republic of Chile and the Government of the United Mexican States . In the intent of reaching a better commercial relations balance between both nations and with the vision of stretching bonds‚ creating a bigger market‚ and enhancing the competitiveness of local firms in global markets‚ Chile and Mexico signed the Chile-Mexico Free Trade Agreement in Santiago Chile on April 17 1998. The Agreement came into effect on August 1‚ 1999. Both Parties
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Subject-verb agreement is a grammatical rule that states that the verb must agree in number with its subject. In other words‚ they both must be singular or they both must be plural. You can’t have a singular subject with a plural verb or vice versa. The tricky part is in knowing the singular and plural forms of subjects and verbs. Singular and plural subjects‚ or nouns‚ are usually pretty easy. In most cases the plural form of a noun has an “s” at the end. Ex: Car – singular ;Cars – plural Verbs
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The Trans-Pacific Partnership Agreement (TPPA) is the biggest trade agreement in history‚ making up about 40 percent of the global economy with a projection of almost $30 trillion. Other than being the biggest trade agreement‚ TPPA is described as a secretive and multinational ‘free trade’ agreement lead by United States. The agreement is currently‚ be negotiated between 11 countries‚ which are Malaysia‚ New Zealand‚ Australia‚ Brunei‚ Chile‚ Peru‚ Singapore‚ Vietnam‚ Japan‚ Mexico‚ and Canada. The
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International Law A little Background on the North American Free Trade Agreement On January 1‚ of 1994 a new approach to trade amongst North American countries took effect. With the aid of the United States Congress‚ President Bill Clinton was able to form a contract between The North American Countries of Canada‚ Mexico‚ and The United States of America. This contract‚ known as the North American Free Trade Agreement (or NAFTA for short) was designed with many economic results in mind
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Forming a free trade agreement between countries is believed to have brought some negative impacts towards both countries’ in employment and growth. One of the objections to Country A signing a free trade agreement with Country B is that free trade may give a negative impact on jobs. Most free trade agreements give false promises‚ claiming that it creates jobs and raise incomes. However‚ the problem with this claim is that it misrepresents the real effects of trade on the economy. Trade‚ in fact
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Introduction / Case Background The new kid agreement is a common contract in music industry. As mentioned in the case study‚ companies prefer the new kid agreement in order to manage their risks. However‚ this agreement proved a loss making deal for rock group. They are under obligation to finish all the eight recordings‚ even if it takes 12 years. On the other side‚ company can ditch the rock group any time. However‚ it is a legal contract that was signed by both the parties. It could be difficult
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