SAB 330 Week 8 PUBLIC POLICIES AND ECONOMIC ORGANIZATIONS 1) Explain term of “consideration” The "consideration" requirement for creating a Common Law contract requires that both sides of the agreement give consideration. "Consideration" is the giving of bargained for legal value. The "bargained for" requirement means only that the legal value given is that which the other party requested‚ i.e. that there has been some communication about who gives or does what for whom. There is seldom
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History of Contract in India The Third Law commission of British India formed in 1861 under the stewardship of Chairman Sir John Romilly‚ with initial members as Sir Edward Ryan‚ R. Lowe‚ J.M. Macleod‚ Sir W. Erle (succeeded by Sir. W.M. James) and Justice Wills (succeeded by J. Henderson)‚ had presented the report on contract law for India as Draft Contract Law (1866). The Draft Law was enacted as The Act 9 of 1872 on 25th April 1872 and the Indian Contract Act‚ 1872 came into force with effect
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: Need whole blood. Special Considerations: invert 6-8x‚ fill 2/3 of the way full. Tests preformed: CBC‚ RBC‚ WBC‚ WBC Diff‚ Hct (% of RBCs)‚ Hgb (weight of hemoglobin)‚ Platelet Count‚ SED Rate (looks for inflammation‚ also can be drawn in black tube)‚ HGBA1C (3mnth cal for diabetes) Tube color: LT. Blue Department: Coagulation Additive: Sodium Citrate Additive purpose: prevents clotting Centrifuged?: No Why?: Need plasma for testing. Special Considerations: invert 6-8x‚ fill tube 9:1
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contract with a customer‚ both the FASB and the IASB require approval and commitment of the parties‚ as well as the identification of rights and payment terms. Also required is that the contract has commercial substance. It must be probable that consideration will be received in exchange for the goods or services being given to the customer.
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possess the essential elements of a valid contract as contained in section 10 of the Indian Contract Act. According to Section 10‚ "All agreements are contract if they are made by the free consent of the parties‚ competent to contract‚ for a lawful consideration and with a lawful object and are not expressly declared to be void." As the details of these essentials form the subject-matter of our subsequent chapters‚ it is proposed to dismiss them in brief here. The following are the essential elements
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PART 2: AGREEMENT A. Offer and acceptance Offer * Objective approach: offer must normally be interpreted in the sense in which it would reasonably be understood by an ordinary person‚ even though the offeror’s actual meaning was otherwise. * Definition: indication by one person to another of his or her willingness to enter into a contract with that person on certain terms. The ‘offer’ must indicate a willingness by the offeror to be bound without further negotiation as to the terms of
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as contracts. A contract is known as an acceptance or offer enforced by law between two or more people. When creating a contract all people or parties involved must intend to create a legal relations. Parties must give or promise something as consideration in return for the benefit they receive. Contracts can be defined as agreements or bargains which may give rise to legal enforceable obligations on the parties involved. A contract is an agreement based on the promise of two or more parties‚ contracts
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usually through majority ownership of its common stock • Because a subsidiary is a separate legal entity‚ the parent’s risk associated with the subsidiary’s activities is limited 1-3 Organizational Structure‚ Acquisitions‚ and Ethical Considerations • Manipulation of financial reporting – Usage of subsidiaries or other entities to borrow money without reporting the debt on their balance sheets – Using special entities to manipulate profits – Manipulation of accounting for mergers and
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for denying moral consideration to animals. Can you think of a reason why our moral consideration should include all humans regardless of their level of cognitive ability‚ yet denied to non-human animals simply because they have lower levels of cognitive abilities (though still higher in some cases than those of human infants and some mentally disabled humans)? What response might he have to your way of drawing the line between the types of beings that should get moral consideration and those that should
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Abstract In deciding if Bank of America should refuse to process payments and do business with Wikileaks‚ it is important to determine if there are any overarching utilitarian or deontological ethical factors. After consideration of the ethics involved from the standpoint of both organizations‚ I believe this decision comes down to a determination of the relative importance of competing rights. Bank of America’s decision will not solely affect the continuance of Wikileaks as an information outlet
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