CONTRACT – REMEDIES (Pg 183) Damages |Damages is the principal common law remedy for a breach of contract. It refers to the monetary compensation payable by the defaulting party. | |Assessment |Aim of unliquidated damages | | |The general principle of assessment is that the injured party is to be placed in the same financial position he
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issue. So as it stands‚ environmental law has both international and national perspectives. I will take you through to both the perspectives of environmental law and also discuss in detail five international conventions of significance constituting provisions for the protections of environmental law. First let us go through what is meant by environmental law. WHAT IS ENVIRONMENTAL LAW? According to Wikipedia‚ Environmental Law is stated as a collective term describing international treaties (conventions)
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the importer and a distributor in U.S contained an “open-price term”. When the Swiss franc rose in value against the dollar‚ the importer’s profit margin was cut in a half‚ so the importer imposed a 10% surcharge for distributor. The distributor did not agree with this extra charge. The judgment should go for whom‚ and why? 4. Key issues: a) Were the increased costs due to currency fluctuations covered by the open-price term? b) Had the exchange rate risk had rendered performance under
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an antiquated response. However‚ discrimination can and does still happen in a company‚ and is not limited to gender discrimination. Consequently‚ every company is very careful about their operations and employee treatment in today’s business world. Many business entities have put together a human resource department to properly manage and take care of their most valuable resource‚ their employees. Over the years the government has also helped ensure that employees get proper treatment. Measures
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produce a written answer for each of the following problem questions using the ILAC approach and bring your answers in print form to your tutorial class on Teaching week 3. Topics Topics 1 and 2 – Introducing Law and Exercising Legal Skills Your preparation Read Chapters 1-3 of Business Law and attend the Lectures on the first two topics. Problem 1: There are a number of websites devoted to the republic issue. Sites such as that of the Australian Republican Movement (www.republic.org.au) support
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Richard misses his plane from London to Paris. Ryan takes him there by car. As he gets out of the car‚ Richard promises to pay Ryan $1000 for his efforts Issue: Is there any consideration for the promise made by Richard? The Law: Every contract requires an offer‚ acceptance‚ and consideration. Consideration is the exchange of benefit and detriment‚ for example‚ the making of a promise in exchange for an act. If a party voluntarily acts and then the other party makes a promise‚ the act is
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Business Law: An Introduction Learning Outcome 1 1. Identify & describe the source of legislation that are binding in Scots Law and quote at least one example. Legislation comes in 4 main sources in Scotland; UK Parliament‚ Scots Parliament‚ European Union and delegate legislation. UK Parliament Laws that are passed by Parliament come from proposals that are made by the Government. These proposals aim to shape society or address certain problems. Once such proposals have been
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Business key terms Business: an active that requires the organisation of resources to achieve a reward‚ whilst running a risk. Entrepreneur: an individual with an idea for a business. Franchise: the legal right to use the name and logo of an existing firm and sell the same products/services. Franchiser- the person selling it‚ for example‚ Macdonald’s. Franchisee- the person buying it‚ for example asda’s. Social enterprise: an activity that achieves a reward for a society. Aim: A stated
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Key Terms Business Activity Barter System a system of exchange which involves the swapping of goods between individuals. Capital Goods goods used to produce other goods‚ such as tools‚ equipment and machinery. Consumers individuals who use or consume’ goods and services to satisfy their needs and wants. Customers individuals who buy goods and services supplied by businesses. De-industrialization the decline in manufacturing. Division of labour specialization
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CHAPTER 1 Needs and wants-pg.5- Needs: stated‚ real‚ unstated‚ delight‚ secret Value proposition-pg.6- set of benefits that a marketer proposes to deliver to satisfy customers’ needs Segments - onsists of a group of customers who share a similar set of needs and wants Descriptive Characteristics: geographic‚ demographic‚ and psychographic Behavioral Considerations: consumer responses to benefits‚ usage occasions and brands target markets-pg.6- the part of the qualified available market the company
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