Business Law | Contract Analysis | Westwood College | Eric Givens 2/12/2013 | Contract Analysis A contract is a legal document between two or more parties. There are several elements that are necessary in order to make a contract enforceable. The specifics of these various elements may differ from state to state‚ but all seven of the elements must be present in order for the contract to exist. As such‚ if one of these elements is missing‚ a contract can be voided and the parties
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Castle Doctrine Arising as a common law theory‚ the Castle Doctrine established the understanding that a citizen has the right to defend their legal place of residence with the use of up to deadly force against an intruder. If the use of force rather than fleeing was reasonable‚ the citizen is free from prosecution since the force was utilized in a self-defense manner. Therefore‚ the doctrine was meant to deter crime and provide public safety through empowering citizens to protect their life and
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The U.S benefitted Latin America through the implementation of the Monroe Doctrine‚ which helped prevented further European colonization. Independence and sovereignty were in the U.S’s intentions for involvement in Latin America‚ while many European governments saw benefits in overturning independence and thereby acquiring resources and global power. This paper will use examples of European colonialism in‚ Africa‚ Mexico‚ and the Dominican Republic‚ to support my claim. Both the U.S and Europe had
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elements required for formation of valid contract The contract law is a situation where law is related to business transactions. In the situations good are purchased‚ sold‚ as well as moved through the contract. The employees are hired‚ land are developed‚ sold‚ bought leased or financed under the contract. Most of the businesses are based under contracts. Generally‚ the contracts represent foundation of the most of the commercial activities and therefore contract law stands for one of the crucial areas
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OUTLINE OF LECTURE IN LAW ON CONTRACTS (Defective Contracts) 1. Defective contracts a. Rescissible contract – valid until rescinded; b. Voidable contract – valid until annulled; c. Unenforceable contract – cannot be sued upon or enforced unless ratified; d. Void contract – no effect at all‚ cannot be ratified or validated 2. Rescission Rescission is the remedy granted by law to the contracting parties and sometimes even to third persons in order to recover indemnity
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Public Trust Doctrine Humans have been living and making modifications to the earth since the beginning of time. Looking back many years ago we can see that way of life was not as fast paced as today. However as our population continues to grow and we continue to inhabit this planet‚ we are subconsciously and consciously destroying our precious environment with the goal to make life easier while producing economical benefits. Even though environmentalist continue to warn us of the consequences
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The Truman Doctrine‚ the Marshall Plan‚ NATO‚ support for Chiang Kai-shek in China‚ and the American response to the North Korean invasion were all based on the foreign policy of containment in hopes that the United States could create a way to eliminate the threat of anymore Soviet expansion. The Truman Doctrine was a way for the United States to give aid to those who who were trying to stop the damage that the Soviets were causing. The Truman Doctrine was the main contributing factor to why the
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Thesis This paper will discuss the stand your ground laws and also the castle doctrine. These laws play a big role in today’s society and also‚ at times create a blurry line in terms of self defense. This can be seen in the case of Trayvon martin and George Zimmerman. This was when an unarmed black teen by the name of Trayvon Martin‚ was shot and killed by George Zimmerman‚ the unofficial neighborhood watch man. Zimmerman stated that the death occurred due to self defense and that the case fell
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What is a contract? A business contract is a legally binding agreement between two or more parties to do or not to do certain things. For example‚ a business contract could be for the sale of goods or supply of services at a certain price. There are many different types of contracts including: the sale and purchase of a business agreement; partnership agreements; leases of business premises; leases of plant and equipment; and employment agreements. The process for creating a contract generally
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4. NOTES 4.1. THE ESSENTIALS OF A VALID CONTRACT A. ESSENTIAL No 1 The Parties Must Act Within Their Contractual Capacity What is contractual capacity? We view it in relation to the concepts of personality and legal status: PERSONALITY – determines that you are a legal entity or persona. As a result of this personality you acquire legal status ie your legal status defines that legal personality further. STATUS then describes your legal “condition” eg a married woman‚ A public
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