CONTRACTS OUTLINE Prof. Page – Contracts I – Fall 2011 |CONSIDERATION | - A legal contract only exists when there is an exchange – whether that’s a promise for a promise‚ performance for a promise‚ etc… this is called consideration. The promises/performance have to be influencing the other party to act/promise. *i.e. the ‘fuzzy coughdrop’ rule* i. RESTATEMENT
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between the parties only and no stranger to the contract can sue even if the contract is avowedly made for his benefit. Thus a stranger to the consideration cannot sustain the action on the promise made between two persons unless he has in some way intervened in the agreement. As the plaintiff was to be married to the daughter of G and in consideration of this intended marriage G and the plaintiff’s father entered into a written agreement by which it was agreed that each would pay the plaintiff
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No special consideration says UNSW Waiting at the platform‚ study guide in hand and exam content barely memorised‚ it only gets worse when City Rail fails to deliver. With recent light rail construction‚ bus strikes and frequent track work‚ UNSW’s special consideration criteria should be altered to accommodate unanticipated transport delays for late students to exams. UNSW’s special consideration policy states “circumstances must be unexpected and beyond your control” where supporting documentation
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relating to Airworthiness Directives (ADs)? Selected Answer: Noncompliance with ADs renders an aircraft un-airworthy. Active Outcomes ID Outcome Outcome Set Name Category WW_DBA_MGMT_203_LO_03 Explain the airworthiness considerations‚ aerodynamic/performance capabilities of aircraft and discuss the importance of environmental factors affecting aircraft performance. (BSTM PO-1‚ 3‚ 5) Management 203 Outcomes Question 3 1 out of 1 points A new maintenance record
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competent to contract‚ for a lawful consideration and with a lawful object‚ and are not hereby expressly declared to be void" As per the above section‚ a contract must have the following elements. 1. Intention to create legal relationship. 2. Lawful object 3. Agreement not expressly declared void 4. Proper offer and its acceptance 5. Free Consent 6. Capacity of parties to contract 7. Certainty of meaning. 8. Possibility of performance. 9. Lawful consideration 10. Legal formalities Intention
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Allfoods Corp. (Allfoods) acquired 80 percent of the outstanding common stock of Baked Beans Corp. in a business combination. After value consideration transferred value of tangible and intangible assets acquired‚ libilities assumed‚ I recommend doing this consolidation general entry for the business combination: Dr. | Land | $ 21‚000‚000 | | | | Dr. | PPE | $ 7‚000‚000 | | | | Dr. | IPR&D | $ 15‚000‚000 | | | | Dr. | Trademark | $ 3‚000‚000 | | | | Dr. | Goodwill
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owed to him by J. This case touches on the fundamental concepts of contract law where H can only claim damages if the formation of a valid contract between the two parties is evident via the elements of a contract‚ including intention‚ agreement‚ consideration‚ legal capacity‚ genuine consent and legality of objects must be established. Once these elements are satisfied‚ the terms of the contract need to be evaluated to deem whether the contract between H and J is enforceable. Once it has been established
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Ethics in Communication After reading about the ethical considerations considering interpersonal and group communication‚ there are many similarities. The two differ in the sense of size. This leads to more considerations in the larger of the two‚ group communication‚ where there may be many different interpersonal relationships within the small group. However‚ for this analysis‚ like the book‚ I will focus on ethical considerations of the small group as a whole. Interpersonal relationships
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among individual parties‚ in an era where the exercise of law of freedom were extremely restricted. In today’s English law‚ freedom of contract is one the foundation of contract law. The existence of freedom of contract requires three main considerations: the freedom to contract or not to contract‚ the freedom to choose with whom to contract‚ and the freedom to decide the terms of the contract. Thus parties are totally free to engage or not to engage in agreements. However‚ freedom of contract
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change in the mind-set of the organization is required‚ or where the shared beliefs‚ values and culture of an organization need to be completely transformed‚ Transformational leadership is required. Transformational leaders provide individualized consideration and intellectual stimulation‚ and possess charisma. This leadership has three phases as described below: Phase 1 of transformation starts when a need for change. Phase 2 is where a transformational leader is required to provide an alternative
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