respectively. That is the reason why psychological contract needs to be invented in a new economy whilst loss of trade unions. Subsequently‚ this essay will not only clarify how the psychological contract is defined and how it is evaluated and applied in organisations in reality but also answer the question why a psychological contract is considered as so important in the management of the contemporary employment relationship. By definition‚ psychological contract has been stated as “a set of unwritten reciprocal
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Contract A contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; "capacity‚" or being of legal age and sound competence; "mutual assent‚" or agreement on the terms of a contract; and "consideration‚" or compensation for goods or services rendered. The element that distinguishes a contract from an informal agreements is that it is legally binding:the law provides
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The Law of Contract Voidable Contract – Coercion The word “contract” can be defined as a voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. A contractual relationship is evidenced by an offer‚ acceptance of the offer‚ intention to create legal relations‚ consideration‚ certainty and capacity. However‚ while all parties may expect
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Contents Executive summery 3 Introduction 3 LO 1 A valid contract in a Business Context 3 1.1 The importance of the essential elements required for the formation of a valid contract 3 1.2 Impact of different types of contract 4 1.3 Analyze terms in contracts 5 LO 2 Elements of a contract in Business situations 6 2.1 Elements of contract in given business scenarios 6 2.2 Law on terms in different contracts 6 2.3 Effect of different terms in given contracts 7 LO 3 Negligence in Business Activities 7 3.1 Contrast
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While a murderer destroys the physical frame of the victim‚ a rapist degrades and defiles the soul of a helpless female‚" is the famous quote on this topic. Anatomy of Rape Sexual assault on women is a common phenomenon in our country. Under sexual assault comes; molestation‚ eve-teasing‚ child sex abuse‚ rape‚ marital rape‚ domestic violence. Of all these crimes‚ Rape is the most violent crime which is committed against women. According to Section 375 of the Indian Penal Code‚ Rape means an
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Aspie-quiz Your Aspie score: 94 of 200 Your neurotypical (non-autistic) score: 113 of 200 You seem to have both Aspie and neurotypical traits Final version 2‚ 29-Aug-2013‚ Page 1/14 Aspie-quiz Aspie talent This group contains intellectually related Aspie traits. Typical traits are related to interests (e.g. having strong interests; hyper focusing; having periods of contemplation; collecting information; good long term memory related to interests; figuring out how things work; making connections
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INTRODUCTION AND RATIONALE OF QUASI CONTRACTS:- Under the general heading of the Quasi contract there has been grouped a number of cases which have little or no affinity with contract. A simple illustration is afforded by the action to recover money paid by mistake. If the plaintiff on an erroneous interpretation of the facts‚ pays to the defendant a sum of money which he does not really owe‚ law‚ no less than justice‚ will require he defendant to restore it. But his obligation is manifestly not
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delay must be compensated. The amount of compensation is usually set in advance and called ‘liquidated damages’ - Use a straightforward calendar date to name the delivery date: 15th September 2010‚ for example. The parties often plan for the contract to come into existence in two steps: the signature date and the date of coming into force. The date of coming into force is not usually a calendar date‚ but the date on which the last precondition is met. Common preconditions are: + Receipt
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over eighteen and are of sound mind and in the each scenario they intend to enter a legally binding contract. For a contract to come into existence there have to be three steps involved: • Agreement (Offer and Acceptance) • Consideration • Intention to create legal relations All three scenarios are supported by “consideration”. The general idea of consideration is that contracts involve an exchange in which both parties give something in exchange for the promise of the other
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Privity of Contract LGST101 Business Law Professor George Shenoy Group Members: Ue Mu En‚ Esther Goh Yue Lin‚ Sylvia Fong Li Chu Sabina Sun Chao Ng Shi Ya 1 Content Page 1. Case Summary 2. Can Brad sue Jennifer? 2.1 2.2 2.3 2.4 Validity of Contract Breach of Contract Brad cannot sue Jennifer Brad can sue Jennifer 3. Can Angelina sue Jennifer? 3.1 3.2 Angelina cannot sue Jennifer Angelina can sue Jennifer 3.2.1 3.2.2 3.2.3 Contract (Rights of
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