to give back the ring. Rodger sued and Janis appealed. The main purpose of this article is to decide whether the receiver of an engagement ring must return the ring or its equivalent value when the donor breaks the engagement. Pennsylvania law treats the giving of an engagement ring as a conditional gift. “ A gift given by a man to woman on condition that she will embark on the sea of matrimony with him is no different from a gift based on the condition that the receiver sail on any other
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BUSINESS LAW. I SEM MBA ONE MRKS QUESTIONS: 1. What is void agreement Void means having no legal value and agreement means Arrangement‚ promise or contract made with somebody. So void agreement means an agreement that has no legal value. “An agreement not enforceable by law is said to be void”. [Sec 2(g)] A void agreement has no legal effect. An agreement which does not satisfy the essential elements of contract is void. Void contract confers no rights on any person and creates no obligation
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To what extent do judges establish the existence of a contract based on the intention of the parties? In 1893‚ the famous case of Carllil v Carbolic Smoke Ball Co.1 demonstrated the extent of the establishment of a legally binding contract based on the intention of the parties via advertisements. However‚ the formation of contracts is not solely based on the intentions between parties. After the invitation to treat‚ there should be an offer and acceptance‚ intention to create legal relation‚ consideration
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Topic 12 1. 2. 3. 4. 5. Law of Sale of Goods (Part I) LEARNING OUTCOMES By the end of this topic‚ you should be able to: Define the meaning of goods; Describe the classification of goods; Differentiate a contract of sale and an agreement to sell; Explain the implied terms in a contract of sale of goods; and Identify the importance of transfer of property in the goods. INTRODUCTION The Sale of Goods Act 1957 (Revised 1989) is the statute applicable to sale of goods in Peninsular Malaysia. For
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Course: MAN 224: Business Law College: California College San Diego Instructor: Mr. Henry Rau Student: Mr. Tyrell Wilson Subject: Week 2: Assignment 2: Chapter Review Questions: 5 thru 13 Due Date: February 5‚ 2015 @ 11:59 PM I. Chapter 5: Nature and Classes of Contracts 1. Why are contract so important to business? Answer: Contracts are extremely important in business because they form the very foundation upon which all modern business rests. 2. Name the five requirements
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Example: The issue is related to Law of Contract under discharge of frustration and impossibility of performance. The fact of the case is Chef Joe entered into a contract with Ixora Hotel to be the chief judge for a series of cooking contest organized by the hotel. Ixora Hotel has paid Chef Joe RM15‚ 000 and agreed to pay another RM15‚ 000 after the contest. However‚ Chef Joe met an accident and suffered severe injuries as for the consequences. Whether the contract between Ixora Hotel and Chef Joe
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Carrasquillo BUS 311 Business Law Instructor Naples 3 Dec 2014 I. Introduction Acme Fireworks contracts with their customers would fall under the Common Law contract‚ even though they are providing goods and services and it should be under the Uniform Commercial Code but due to high risk of injury then it falls under Common Law. Acme Fireworks has to have the five elements of an enforceable contract with their customers to be able to have valid contracts‚ if offer‚ acceptance‚ consideration
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Doctrine of fixtures in property law The doctrine of fixtures is applied to determine if an object is a fixture.1 This common law provides that what is annexed to the land becomes part of the land‚ “quicquid plantatur solo‚ solo credit”‚ and adopts the character of real property.2 For this to transpire all circumstances surrounding the annexation to the land are examined‚ including but not limited to the degree of annexation and the purpose of annexation.3 Through this both objective and subjective
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Business Law 101 9A 4/26/2012 Chapter 7‚ 8‚ 9 Chapter 7: Questions 1 - 5 1. What is a contract? It is an agreement that can be enforced in court. It is formed by two or more parties who agree to perform or to refrain some act in the present or the future. What is the objective theory of contracts? The intent is determined by objective facts‚ not by the personal or subjective intent‚ or belief of a party. 2. What are the four basic elements necessary to the formation of a valid
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relevant facts that fraud invalidates a contract. “The existence of fraud disrupts the honesty of the unknowingly person’s permission/agreement to a contract. When a person unknowingly goes into a terms of a contract‚ the agreement normally can be avoided since he or she didn’t freely come to agreement with the terms. Normally‚ an unknowing person has a choice terminate the contract all together and return to their beginning place or proceed with the contract and seek damages for harms resulting from
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