enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5‚000 ounces. The initial margin is $4‚000‚ and the maintenance margin is $3‚000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? Problem 5.2. What is the difference between the forward price and the value of a forward contract? Problem 5.3. Suppose that you enter into a six-month forward contract on a non-dividend-paying stock
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Voidable contract is a contract that has legal effect and force when it is made‚ but is liable to be subsequently annulled or set aside by the courts through the process of recission. Due to the section 10 of the Contracts Act provides‚ all agreements are contracts if they are made by the free consent of the parties competent to contract. As what i’ve been thought and my understanding‚ there are five causes which lead to the voidable contract. They are : 1. Coercion (S.15) 2. Undue influence (S.16)
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LAW OF CONTRACT The Law of Contract is that branch of law which determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties. Indian Contract Act‚ 1872 came into effect from 1st September‚ 1872. It extends after
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2.1 Definition of Proposal/Offer Section 2(a) of the Contract Acts 1950 provides that: “when one person signifies to another his willingness to do or to abstain from doing anything‚ with a view to obtain the assent of that other to the act or abstinence‚ he is said to make a proposal”. Eg: Ali advertised in Malay Mails that he will give a reward of RM100 to anyone who finds his pet. He signified his willingness to do an act‚ which is to pay a reward‚ upon certain terms‚ with a view of obtaining
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Ryan Plunkett Assingment 2 Treceno 1. On Friday March 16‚ 2012 14 workers of the Elizabeth R. Wellborn law firm in Deerfield Beach FL were fired for wearing the color orange to work. During the course of the work day the 14 employees were called into a conference room and told by management that they had interpreted the practice as some kind of a protest. One of the employees then responded by saying the group was wearing orange in order to promote that they were all together when they planned
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Journal of Organizational Behavior J. Organiz. Behav. 24‚ 537–559 (2003) Published online in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/job.205 Psychological contract development during organizational socialization: adaptation to reality and the role of reciprocity ´ ANS DE VOS1*‚ DIRK BUYENS2 AND RENE SCHALK3 1 Vlerick Leuven Gent Management School‚ Gent‚ Belgium Vlerick Leuven Gent Management School and Ghent University‚ Faculty of Economics and Business Administration
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Zidisha Microfinance Member Legal Contract This is a legally binding contract between (Applicant Name) ____________________________________________ of Address ____________________________________________________________________________________ and National Identity Number ___________________________ and Zidisha Inc. (Zidisha)‚ a nonprofit organization located at 21900 Muirfield Circle #302‚ Sterling‚ Virginia 20164 United States. I‚ (Applicant Name) ____________________________________________
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Harrison asked Sadia Warsame to write reports on the Contract of Employments. This report will be used to help the readers to gain more Knowledge and Information. 2.0 Procedure Information was obtained by 2.1 Visiting www.acas.org.uk . 2.2 Reading a book called Glossary of Employment Terms by Peter Chandler. 2.3 At work from colleuages. 3.0 Findings 3.1 Contract of Employment. Contract of Employment is a contract between an employer and employee‚ established after
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SALES CONTRACT Date: April 25‚ 2013 Between: ABC Trading Co‚ Ltd. (Vietnam) Address: Fax: Represented by: Hereinafter referred to the Seller And: NZ Co‚ Ltd. (Japan). Address: Fax: Represented by: Hereinafter referred to the Buyer Both parties have agreed to sign the contract with the following terms and conditions 1. COMMODITY: Vietnam Robusta Coffee‚ Daklak origin 2. QUALITY: According to the sample agreed by both parties (Sample No 2345) 3. QUANTITY:
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What are the defenses to a breach of contract? If someone is accused of breach of contract‚ there are a number of defenses available to argue that a contract should not be enforced. If any of the basic contract elements are missing‚ or if the contract was made with someone of diminished capacity or for illegal purposes‚ a contract can be unenforceable. Some other examples of potential defenses to enforcement of a contract are mutual or unilateral mistake‚ duress or undue influence‚ unconscionability
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