Assessment Question Ali had an antique motorbike which he decided to sell. He parked the motorbike on his front lawn with a sign " For sale- RM20‚000". Ah Chong‚ who saw the sign‚ said to Ali that he would be prepared to buy the motorbike for RM15‚000. Ali replied that the price is too low and suggested RM18‚000. Ah Chong responded by asking if Ali would be prepared to accept payment of the RM18‚000 in three monthly instalments of RM6‚000 each. Ali replied that he would not. Ali then added‚" Anyway
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agreement can be objectively established where there is mutual assent.6 In Masters v Cameron‚7 it was noted that‚ ‘the case may be one in which the intention of the parties is not to make a concluded bargain at all‚ unless and until they execute a formal contract’. Such intention can be
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or patio. Ali would then visit the customer and try to persuade them to buy a new drive way or patio. Ali would receive commission when the customers paid their deposit. Occasionally‚ to prevent the customer withdrawing from the contract‚ HPC Ltd would revisit the contract Ali had made and reduce the price. This resulted in reduced commission for Ali. Potential leads were given to Ali by HPC Ltd. If Ali couldn’t make an appointment Ali could arrange for another member of the team to go‚ if this
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WEEK 3 – THE FORMATION OF CONTRACTS Apply Your Knowledge (EXERCISE 4 – CONTRACT OR NOT?) Review the essential elements of a valid and enforceable contract and decide whether a valid‚ void or voidable contract has been formed in each of the following situations. Provide a legal explanation for your decision. 1. Last year‚ Smith‚ the owner of a retail business‚ in an attempt to reduce employee absenteeism due to illness‚ offered to give any employee who quit smoking for a year a $500
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Contracts Cyril made two contracts. The first was to have his house painted one month from the date of the written contract. The second was for his neighbor’s 1957 Ford Thunderbird. Each contract was definite and clear in all respects. As to the house painting‚ Cyril inquired with the painter as to when the work could begin. The painter explained that he was extremely busy and was not sure if he could fulfill the contract. Cyril flew into a rage and immediately hired someone else
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Easybuy exports Judy Claymore Amar Dwarkasing Powisielaan #13‚ Suriname Kalpoeweg #10‚ Suriname Phone: 8906520 Phone: 8600365 Email: judyclay@msn.com Email: easybuy@hotmail
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periods of time as opposed to one period of time when using cross-sectional data. II. What is the identification problem? What effect will this problem have on the regression estimates of a demand function? Explain. The identification problem occurs when there is an inability in the principle to identify the best estimate of values of one or more variables in regression. This problem effects regression estimates of a demand function because there is a simultaneous shifting of both the supply and
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The process of turning a bill into a law is probably one of the most complicating processes. The process of making a bill is a successive procedure which is not just adding a few rules to a paper and calling it a day. Before a bill is made they have to make sure all the rules are constitutional and does not infringe people’s rights. Tis’ a stressful job to vote on a rule that some people could like and others could decide. The bill must first get passed in both houses of congress by majority
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QUASI-CONTRACTS UNDER INDIAN CONTRACT LAW TABLE OF CONTENTS: 1. Introduction 2. Kinds of Quasi-Contracts 3. Basis of Quasi-Contacts 4. Conclusion 5. Bibliography INTRODUCTION: Sections 68 to 72 deals with "certain relations resembling those created by contract" under Indian contract act‚ 1872. It incorporated those obligations which are known as "quasi contracts" under English
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Introduction to Legal Studies and Basic Contract Law- Course Work Assignment Mrs Hyndley is the owner of two properties that she rents to students in the Belfast area. In January 2008 she asks her friend and next door neighbour Frederick‚ a local estate agent‚ to collect the rents from her tenants while she goes off on a 6 month round the world cruise. She does not discuss terms or payment with Frederick. However‚ Frederick agrees and does collect the rents. When Mrs Hyndley returns to Belfast
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