The Law of Contract Voidable Contract – Coercion The word “contract” can be defined as a voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. A contractual relationship is evidenced by an offer‚ acceptance of the offer‚ intention to create legal relations‚ consideration‚ certainty and capacity. However‚ while all parties may expect
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Motivation and Conflict Resolution Conflict in the workplace is detrimental to employee motivation. An essential part of motivating employees is fostering trust and providing job satisfaction. Effectively resolving conflict is critical to the success of the organization‚ but is only one aspect of employee motivation. There are motivational theories that help organizations understand workplace relationships‚ organizational behavior‚ and their effects on employee motivation. Improved knowledge of
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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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the following goods on or before May 31‚ 2012 (the “Goods”) a. 10‚000 widgets Purchase Price 2. The Purchaser will accept the Goods and pay for the Goods with the sum of fifty thousand ($50‚000) USD‚ paid as follows: a. Down payment of $5‚000 upon contract execution b. the remainder of the purchase price within 10 day of receipt of delivery of the Goods. 3. Payment of the Goods will be made to the Seller when the Purchaser has confirmed receipt of the Goods. Delivery of Goods 4. The Goods will
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the goal of planned development. Industrial Policy Resolution‚ 1948: The IPR‚ 1948 created a mixed economy reserving a sphere for the private and public sectors. It divided the industries into four groups: (i) Industries with exclusive Central Govt. monopoly‚ arms and ammunitions‚ atomic energies and railway transport. (ii) Mixed sector - State controlled new undertaking in coal‚ iron and steel‚ air craft‚ telephone‚ etc. (iii) Under State resolution and control consumer goods industries‚ and (iv) Under
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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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4. NOTES 4.1. THE ESSENTIALS OF A VALID CONTRACT A. ESSENTIAL No 1 The Parties Must Act Within Their Contractual Capacity What is contractual capacity? We view it in relation to the concepts of personality and legal status: PERSONALITY – determines that you are a legal entity or persona. As a result of this personality you acquire legal status ie your legal status defines that legal personality further. STATUS then describes your legal “condition” eg a married woman‚ A public
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Resolution of α-Phenylethylamine Date of Completion of Experiment: Monday‚ November 19‚ 2012 Date Report Submitted: Monday‚ December 3‚ 2012 Objective of Experiment The objective of this experiment was to learn the process of resolution of α-phenylethylamine. Materials Compound | Molecular Weight (g/mol) | Melting Point (°C) | Amount used | Moles used | (+) Tartaric Acid | 150.087 | 171–174 | 11.9 g | 7.93 x 10-2 | (+‚-) α-phenylethylamine | 121.18 | 184-186 | 10.0 ml | 8.25 x 10-2 |
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12/29/13 New Year’s Resolutions Why is it so hard to keep a New Year’s resolution? Do we make unrealistic goals for ourselves? Or do we make our resolutions right before the clock strikes 12 without really thinking them through? Even know I haven’t been very good at keeping my resolutions for the New Year in the past‚ I am firm about keeping and following through with my promises therefore three resolutions that I am determined to follow through on are to getting my license‚ exercising daily
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and ADR Analysis Handling business disputes can be questionable at times with the uncertainties that can from having a case play out in court. There are various levels of court systems on a state level and the disputes can reach as high up to the states Supreme Court. Being efficient is one of the main keys when considering how to handle a business dispute. One option for a business to handle a business dispute would be to use an Alternative Dispute Resolution or commonly known as ADR. There are
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