THE LAW OF CONTRACT IN GHANA (These notes have mainly been culled from Mrs. Christine Dowuona Hammond’s seminal work on the Law of Contracts.) INTRODUCTION Contracts are made by people every day‚ whether the parties recognise it or not. Each time one spends money on anything – a bus ticket‚ an airline ticket‚ a pair of shoes‚ a meal in a restaurant‚ laundry services‚ books‚ or signs a lease‚ etc. one concludes a valid and legally binding contract. Contracts may be oral or written;
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Q&A 2 Certainty of terms and intention Introduction Contractual certainty If businessmen are often not overly-concerned with the niceties of offer and acceptance it follows that their contracts may not be all-embracing and complete in every respect. The parties may have reached an agreement in principle and then prefer to rely on experience from previous dealings‚ business practice and goodwill. The law’s overall policy is to uphold bargains wherever possible and although businessmen tend to
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“A data breach is an incident in which sensitive‚ protected or confidential data has potentially been viewed‚ stolen or used by an individual unauthorized to do so.” (“What is a Data Breach?”) Cyber Criminals can potentially hack cars‚ phones‚ computers‚ bank accounts and even baby monitors. (Murdock) With all of these things under attack‚ it can be hard to escape without any personal information stolen. One major data breach took place in 2014 with the Yahoo company
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Thomas Hobbes begins Leviathan with Book 1: Of Man‚ in which he builds‚ layer by layer‚ a foundation for his eventual argument that the "natural condition" of man‚ or one without sovereign control‚ is one of continuous war‚ violence‚ death‚ and fear. Hobbes’s depiction of this state is the most famous passage in Leviathan: [D]uring the time men live without a common Power to keep them all in awe‚ they are in a condition which is called Warre; and such a warre‚ as is of every man‚ against every
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Terms The content of a contract are made up of terms (or ‘clauses’ as they are called in the case of written contracts) which may be express or implied. The express terms are the terms which the parties actually stipulated for themselves when making the contract‚ whether orally or in writing. In addition to the express terms‚ the courts sometimes‚ for a variety of reasons‚ imply certain terms into the contract. Implied terms are terms that are not expressly stated in the contract but are deemed to be
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A contract -is a legal agreement that occurs between two or more parties. It can be a written or spoken agreement that can concern employment‚ sales‚ or tenancy. Parties or members involved‚ enter voluntarily into this agreement. Every contracts involve two persons they are the: Offeror and Offeree. The offeror is the one who offers to enter into a contract and the Offeree is the one to whom the contract is being offered Elements of a contract: Agreement‚ Lawful object‚ consideration and contractual
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claim or defense. The note was not forged however it was subject to a defense. This defense was a breach of warranty‚ Due to this breach of warranty Elmer sufferd $10‚000 in damages. This gives Elmer the right of claim and recoupment. Claim and recouoment allows the maker of the note to reduce the amount owed by to the holder.the amount of damages in a claim rising from the underlying contract. This amount however cannot be more then the amount owed. This means that a holder in due courseis
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BREACHING A CONTRACT First What is a Contract? A Contract is defined as a binding agreement between two or more persons or parties; Especially; One legally enforceable. When signing a contract the person signing signs the contract‚ to render services for a certain amount of time or for a certain amount of material‚ which is labeled a term in the agreement. In every contract there are certain duties and rules that are to be followed and obeyed. When disobeyed or rules are broken then that leads
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| Multiple Choice Quiz (See related pages) Results ReporterOut of 9 questions‚ you answered 2 correctly‚ for a final grade of 22%. 2 correct (22%) | | 6 incorrect (67%) | | 1 unanswered (11%) | | Your Results: | The correct answer for each question is indicated by a . | | | | 1 | CORRECT | | ___________ means doing the right things to create the most benefit for the company. | | | | | A) | Efficiency | | | | | | B) | Effectiveness | | | |
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contract law agreement: objective test of intention to agree offer must be matched by other’s acceptance requirement of certainty of agreement parties have intention to create legal relations enforce promise: consideration promise is contained in a deed promissory estoppel (claimant has relied on defendant’s promise) reliance theory: consistent with the harm principle (prevent harm on others) restitution interest
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