CAUSES OF EXTINGUISHMENT OF OBLIGATION 1. Payment or performance 2. Loss of the thing due 3. Condonation or remission of the debt 4. Confusion or merger of rights of creditor and debtor 5. Compensation 6. Novation I - PAYMENT OR PERFORMANCE PAYMENT means not only the delivery of money but also the performance‚ in any other manner of an obligation. How must the payment be made? 1. There must be delivery of the thing or rendition of the service that was contemplated. a. The debtor of a thing cannot
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Sales Agreement THIS SALES AGREEMENT (the "Agreement") dated this 12th day of March 2012 BETWEEN: |Brenda’s Widgets‚ Inc. (BWI) of 123 Main St.‚ Podunk‚ Iowa | |(the ’Seller ’) | |OF THE FIRST PART | |- AND -
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------------------------------------------------- Dear 2013 Commercial Law Students: ------------------------------------------------- ------------------------------------------------- To provide you with some guidance in relation to preparing answers to legal problems‚ below are the following: ------------------------------------------------- ------------------------------------------------- - A past exam question in this course‚ which was also set as an assignment in a previous year;
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TAKE HOME EXAM 1) Applicable Law Why is it important to choose an applicable law in the contract ? It is important to choose an applicable law in the contract in order to avoid the conflict of laws between countries. That’s why is necessary to set a procedure of rules that determines which legal system and which jurisdiction apply to a given dispute. The rules typically apply when a legal dispute has a "foreign" element such as a contract agreed to by parties located in different countries
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BADM 300 Exam 2 review 1. Attractive Nuisance a. Child’s failure to recognize risk – likely to trespass b. Artificial risk - pool‚ and big hole in the ground c. Utility slight - not a lot of value to it‚ d. Child likely to trespass e. Unreasonable risk of f. Serious harm 2. Adverse possession – you take some lands and use it long enough and becomes yours a. Hostile you don’t have permission to do it (not hostile is to come on my land) has to be against their interest b. Exclusive
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Bill Cosby and his lawyers are not giving up without a good fight as they petition the courts again to drop the criminal sex assault case. Radar Online‚ June 8‚ 2016 reports that Bill and his attorneys want the case dismissed because Andrea Constand‚ did not show up in court. Papers filed by Bill Cosby’s lawyers said‚ “The District Attorney’s win-at-all-costs tactics in this matter are stretching the rules past the breaking point.” They are asking the court to dismiss the criminal charges against
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CONTRACT PORTFOLIO PART 1 Tutorial 1 – Privity 1) Examine the Privity rule and its relationship with the rules on consideration. Privity is where someone not a party to a contract can be liable under neither it nor benefit from it. There has to be a promise from the party also some consideration. It is stated in the book 19th Century according to Richards that privity’s modern authority has been through the case of Dunlop v Lambert. In Dunlop v Selfridge[1] where there was a contract between
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7/01/13 Business Contracts: Protocol‚ Laws & Ethicality There are various kinds of contracts which arise within our business world today; contracts are an essential component to business livelihood. Although a contract is an agreement‚ not all agreements are valid contractual obligations. In order for any contract to be an official and legally binding agreement‚ there are essential requirements which must first be fulfilled. Because contracts are vital to the organization and
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this frame prevents back forward cache in Safari Top of Form Reviewing Test Week 3 Exam #1 (Chapters 11 & 12) Started: Nov 6‚ 2013 8:52 PM Finished: Nov 6‚ 2013 11:22 PM - auto 1 of 1 Week 3 Exam #1 (Chapters 11 & 12) Total Grade: 108 (of possible 140 points) Question 1 of 140 Score: 0 (of possible 1 point) Ramblin’ Country Stables contracts to buy 1‚000 horseshoes from Blacksmith‚ Inc.‚ for $1 per shoe. When the market price decreases to 50 cents per shoe‚ Ramblin’ refuses to go
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FAKBIK Submitted: December 17‚ 2013 Revised: April 20‚ 2014 An Equitable Marriage Contract in Islamic Law Critics of Islam often focus on the relationships between men and women and argue that Islamic marriages are inherently sexist. Apologists agree that in practice‚ certain interpretations “have so severely restricted woman that marriage becomes an institution of oppression for her.”1 Wadud argues that using marriage as the “means by which a woman is stripped of her individuality and
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