LAW ON OBLIGATIONS AND CONTRACTS* I. Introduction A. Law - from the Latin word “lex” which is derived from the verb “Ligare” meaning “to bind” - a rule of conduct‚ just and obligatory promulgated by legitimate authority for the common observance and benefit (as defined by Sanchez Roman‚ a Spanish Civilist) B. Sources of Law 1. Legislative- Congress 2. Constitution- supreme law of the land 3. Administrative or Executive Orders‚ Regulations and Rulings-
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CONTRACTS OF INDEMNITY Definition Section 124 of the Contract Act defines a contract of indemnity as a contract by which one party promises to save the other party from loss caused to him by the conduct of the promisor himself‚ or by the conduct of any other person. P. contracts to indemnify Q against the consequences of any proceeding which R may. take against Q in respect of a certain sum of Rs. 200. This is a Contract of Indemnity: P is called the indemnifier and Q the Indemnity-holder. Characteristics
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Content and Development Juvenile delinquency is a major problem effecting our youth. Despite how much we try to prevent it‚ some of our youth will end up in the juvenile justice system. There are always debates on whether we should focus on punishment or rehabilitation. Rehabilitation focuses on the treatment of the juvenile with the assumption that interventions such as probation supervision‚ work readiness‚ training‚ cognitive skills training‚ and behavior therapy will change
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What is the Sapir-Whorf hypothesis‚ and how valid is it? Introduction The debate on whether ‘language is the dress of thought’ originates in ancient Greece when Aristotle discussed the possibility that the thinking pattern influences to a certain degree the evolution of language (He‚ 2011: 1). The concept that language is ‘merely a reflection of thought and the objective world’ (He‚ 2011: 1) was re-examined several times throughout history; the conclusions drawn give us a new interpretation of
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the Treasury Internal Revenue Service Notice 1382 (Rev. December 2011) Changes for Form 1023: ● Mailing address ● Parts IX‚ X and XI Changes for Form 1023‚ Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code Change of Mailing Address The mailing address shown on Form 1023 Checklist‚ page 28‚ the first address under the last checkbox; and in the Instructions for Form 1023‚ page 4 under Where to File‚ has been changed to: Internal Revenue Service P.O. Box
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your time not being processed for payroll until an approval is received. By initialing‚ you are confirming your understanding and participation in this policy: ______. 3. Start Date. Subject to fulfillment of any conditions imposed by this letter agreement‚ you will commence this new position on ______________‚ or as determined by the client or Rylem. 4. Proof of Right to Work. For purposes of federal immigration law‚ you will be required to provide the Company with documentary evidence of your identity
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DISCHARGE OF A CONTRACT Normally the completion of a contract is straightforward as parties carry out their tasks as required. There are four main different ways of ending a contract: a) Discharge by performance b) Discharge by agreement c) Discharge by breach d) Discharge by frustration DISCHARGE BY PERFORMANCE For this the courts expect performance to be exact and complete. This means that it must match contractual obligations RE MOORE AND LANDAUER (1921) If requiring a contract to be complete
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non-compete agreement in Mr. Gold’s restrictive covenant but it will most likely sever the non-compete and enforce the non-solicitation agreement. A court will enforce a restrictive covenant if it is: (1) ancillary to a valid employment relationship; (2) supported by adequate consideration‚ and (3) reasonable. Reliable Fire Equip. Co. v. Arredondo‚ 965 N.E.2d 393‚ 396 (Ill. 2011). I. Ancillary to a Valid Contract A court will most likely find that the restrictive covenant was ancillary to a valid employment
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Business Scenarios and Case Problems 9-1. Contracts by Minors…Discuss Kalen’s liability in this situation. Kalen is a seventeen year old boy who rented an apartment for $500 a month‚ after consistently paying for rent for 4 months‚ he decides to return the key and not pay rent for the rest of the remaining months on the contract. I would think that this is classified as “disaffirmance”. Since he is seventeen‚ and a minor when he leaves the apartment‚ he is able to legally avoid his contractual obligation
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Contract Remedies BA265 Business Law II Terrance L. Williams Grantham University December 8‚ 2012 Contract Remedies In our case of National Drilling Company filing suit against Overland Transport‚ Inc. asking compensatory‚ consequential‚ and punitive damages‚ the recovery of National will be based on Quasi Contract. As one reads through the scenario‚ he or she may ask themselves a few questions. What were the exact terms of the contract between National Drilling and Overland Transport
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