contract with Furniture Comfort‚ and whether she is entitled by law to buy the couch at the discounted price. In order to address the issue‚ one needs to start by examining each of the four essential elements for contract formation: agreement‚ consideration‚ certainty and an intention to create legal relations.[1] 1. NEWSPAPER ADVERTISEMENT The newspaper advertisement is not an offer but an invitation to treat. In Boots v Pharmaceutical Society of Great Britain‚ it was decided that ‘a contract
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are dealing with human beings and animals sometimes. The word ethics can be defined as “rules of behavior based on ideas about what is morally good and bad”. The purpose of these ethical considerations is to protect participants from harm in any research that is conducted. Examples of these ethical considerations are consent from participants‚ confidentiality‚ as well as deception and mental and physical stress. Different methods of research such as experiments and observations are used to investigate
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and consideration behavior. Structured behavior is one that clearly outlines the leader-follower relationship and so establishes clear procedures to be followed as employees do their job. Conversely‚ consideration behavior shows a friendship‚ mutual trust‚ respect and warmth between leader and followers. As defined by the OSU studies‚ the leadership styles are categorized as: 1) low structure–high consideration; 2) high structure–high consideration; 3) low structure– low consideration; and
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To discuss whether or not there are valid contracts made between Charles v. Alex and Betty v. Alex‚ the formation of the contract have to be discussed. To form a legally binding contract‚ the elements of offer and acceptance; present of consideration; intention to create legal relation; capacity; legality of object; compliance with formalities; and genuine consent must be present all together. In the case of Charles v. Alex‚ to determine whether or not Alex was entitled to sell the apartment
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copyright owner ’six and one quarter per cent of the ordinary retail selling price of the record.’ The House of Lords held by a majority of three to two that the Act required that the consideration for the records be wholly in money. The issue‚ then‚ before the court was whether the wrappers formed part of the consideration for the records. Lord Reid I can now turn to what appears to me to be the crucial question in this case: was the 1s 6d an ’ordinary retail selling price’ within the meaning
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Part A The main issues are whether or not the court would consider that the restrictive covenant in issue is void for contrary to public policy. The relevant legal principles are: A covenant must be no wider than is necessary to protect the legitimate interest of the employer. Attempting to stifle competition is impermissible and it is irrelevant that the employer taught the ex-employee everything he knows. The court area particular to prevent contracts‚ which seek to prevent an employee
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justice will be accorded to the parties not adhering to rules. 1. Offer Offer is a definite agreement made with intention to be bound when offer is fully accepted by both parties. Vague offers are usually not good enough to be taken into considerations for a contract to be bounded. There is a need to distinguish and differentiate between an offer and invitation to treat. Invitation to treat is defined as an invitation to someone to make an offer for a product or service. There was once a case
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GENERAL PRINCIPLES OF THE LAW OF CONTRACT INTRODUCTION Definition S.2(h) Contract Act 1950 : An agreement enforceable by law. Legally binding between parties. 2 INTRODUCTION (continue..) (a) (b) Legislation governing contracts: Contracts Act 1950 English Law - By virtue of S.5 of the Civil Law Act (When there are no provisions in the Contract Act) 3 INTRODUCTION (continue..) 4 OFFER / PROPOSAL Definition S. 2(a) Contracts Act “When one person signifies
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individual or company might face when engaging in negotiation. It protects the interest of the different parties involved. In the case given‚ contract law will jusitiy an individual legal rights. The element of contract law includes offer‚ acceptance‚ consideration and an intention to create legal relation. In the scarnio give‚ we need to ascertain the basic fundamental of the contract law. The possibility of Bill taking legal action against John is high as the elements of contract law are present. However
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AMALGAMATION‚ ABSORPTION & RECONSTRUCTION 1. Method to calculate Purchase Consideration: |Net Asset method |Intansic value method |Net payment method | |Agreed value of |MV of total assets xxx |Amalgamation in nature of: - | |assets taken over xxx |Less: MV of total Liab. xxx |Merger: Amount paid to Equity shareholders|
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