(1988). Construction Law: Principles and Practice. United State of America: McGraw-Hill. IBS‚ G. S. (2013). Goldsmith International Business School. Retrieved MAY 12‚ 2013‚ from http://www.goldsmithibs.com/resources/free/Breach-of-Contract/notes/Breach-of-ContractRemedies.pdf NOLO. (2013). TYpes of Contract Breach. Retrieved May 10‚ 2013‚ from LawFirm.com: http://www.lawfirms.com/resources/business/types-contract-breaches.htm Oxford University Press. (2009). Oxford‚ Dictionary of Law. United States: Market
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with consideration‚ then he would be able to enforce such promise under the law. How do we ascertain the existence of consideration? Various academics and judges had tried to give us a definition for the doctrine of consideration. However‚ there is only 2 person that really standout i.e. Lush LJ as well as Prof. Atiyah. Lush LJ in Currie v Misa (1875): " A valuable consideration in the eyes of the law may consist either in some right‚ interest‚ profit or benefit accruing to
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not primary beneficiaries and “ordinary negligence is insufficient for liability to third party because of lack of privity of contract between the third party and the auditor‚ unless the third party is primary beneficiary” (Arens et. 2012). As a result of this case‚ Common Law states that certified public accountants (CPAs) are now liable to third parties and named this law ‘Ultramares Doctrine’. Third parties consist of stockholders (current and future)‚ bankers‚ vendors‚ customers‚ employees and
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constitutes an express warranty or mere “puffing”? Under the UCC‚ express warranties arise when a seller or lessor indicates any of the following: an affirmation or promise of fact‚ a description of the goods‚ or a sample shown as conforming to the contract of goods. Express warranties are created with only statements of fact‚ whereas statements that relates to the supposed value or worth of the goods‚ or statements of opinion or recommendations of the goods are considered “puffery” and no warranty
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significant theme in the Australian law of contract. Liberal theories‚ which locate freedom of contract as central‚ have been tempered by an increasing emphasis on justice and conscionable conduct in contractual relations. Virginia courts have defined an unconscionable contract to be "one that no man in his senses and not under a delusion would make‚ on the one hand‚ and as no fair man would accept‚ on the other." In other words‚ the inequality present in the contract must be so gross as to "shock the
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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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SALES & PURCHASE AGREEMENT/CONTRACT “BONNY LIGHT CRUDE OIL” TTO BONNY TERMINAL NIGERIA” 14TH December‚ 2012 Seller’s Ref: Colonel/sil/2012/10 Buyer’s Ref: This Contract agreement is entered into this 14 December 2012 BETWEEN STOWVAT INVESTMENTS LIMITED established under the laws of Federal Republic Nigeria which registered address‚ is situated at
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MODEL CONTRACTS FOR SMALL FIRMS LEGAL GUIDANCE FOR DOING INTERNATIONAL BUSINESS © International Trade Centre‚ August 2010 Model Contracts for Small Firms: International Commercial Sale of Goods Contents Foreword Acknowledgements Introduction Chapter 1 International Contractual Alliance Introduction ITC Model Contract for an International Contractual Alliance Chapter 2 International Corporate Joint Venture Introduction ITC Model Contract for an International Corporate Joint
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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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marketing right to ProPez. The contract needs to have measures in place to protect CadMex interest concerning property rights and potential dispute. There are issues that are involved in resolving legal actions against a foreign business. One issue that is involved is the legal system. When dealing with a case‚ they may want to finish the case quickly rather than handling it with quality. Doing so may lead to evidence not being analyzed. Another issue may be the different laws between the two countries
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