contract but do not appear to be a relevant issue here. While it is possible for offers to be "made to the world”1‚ K ’s advertisement is an "invitation to treat"2. It cannot be construed as an offer as it shows no intention on K ’s part to be bound to its terms‚ in contrast to the wording of the advertisement in Carlill v Carbolic Smoke Ba// Co3. Thus A ’s letter to K dated 21 April is the first possibility of an offer. However the terms of this letter are too vague to be construed as an offer
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Situations that involve written and oral contracts between clients and contractors happen every day. Quite often‚ a price is agreed upon based on a completion date and the performance that happens along the way. One such situation that I have experienced was when my Dad decided to purchase a brand new townhouse in a downtown Cincinnati residential redevelopment project. A private contractor named Drees had won the rights from the city to be the only firm that could be used in the construction project
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CONSTRUCTION CONTRACTS IAS 11 – DEFINATION IAS 11 defines a construction contract as: a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design‚ technology‚ and function for their ultimate purpose or use. IAS 11 – TREATMENT Where possible‚ IAS 11 applies the accruals concept to the revenue earned on a construction contract. If the outcome of a project can be reasonably foreseen‚ then
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The Worst Mistake? According to Jared Diamond’s text‚ the Agriculture Revolution is thought of being the worst mistake made in human history where as when humans hunted and gathered was the high peak. He also states that domesticating crops brought great confusing creating social classes and inequality between men and women. I completely disagree with this opinion. First of all the Agricultural Revolution was a crucial element when forming earliest civilizations. Second‚ I don’t think that
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accident. Take the lightbulb for example‚ which is allowing you to read this. Playdough‚ which was meant to be a cleaning supply and is now one of the most beloved children’s toys. Corn flakes‚ which are only in your pantries because Keith Kellogg forgot the wheat in a batch of bread one day. Even a chef’s minor insulting mistake created potato chips and launched a massive snack industry. So‚ we shouldn’t be surprised that the minor mistake Christopher
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United States‚ was the author of the Monroe Doctrine. The Monroe Doctrine was drafted as a part of the president’s annual message to Congress in 1823. This document expressed three principles: Europeans powers can no longer make any further efforts at colonization in the Americas‚ the United States would abstain from getting involved in the wars of Europe‚ and European powers were warned not to interfere with Latin America. In the Transcript of Monroe Doctrine (1823)‚ Monroe stated that the American
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Sample Contract Exercise Contracts are the bloodline of business. Thus it is absolutely crucial that you understand what you are or your business is signing. We have looked at some common clauses found in contracts like restraint of trade clauses‚ exclusion clauses and liquidated damages clauses. In addition to these‚ there are many other common clauses and the purpose of this exercise is to highlight these clauses as well. If you do a simple search in the Internet you will realize that many of
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1: Employment-At-Will Doctrine LaToiya Beidleman Professor Augustine Weekley LEG 500 February 1‚ 2014 Assignment 1: Employment-At-Will Doctrine In the late Nineteenth century‚ the majority of the United States implemented the employment-at-will policy. This common law was established to provide equal rights to the employee and the employer when it comes to terminating a position without prior notice. In many cases‚ employees are not hired based on contracts which give the employer
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breach of contract regarding the bees and hives‚ Buyer must establish that there was a valid contract. To establish breach of contract‚ Buyer must show there was an offer and acceptance supported by consideration. Bilateral Contract One in which there are mutual promises between two parties to the contract‚ each party is both a promisor and a promise. Right and duty on each side‚ in which a promise is established on both sides. UCC or Common Law UCC governs contracts under the sale of
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There is no deadline or penalties when Plant Managers did not submit contract for approval. That must have raised few doubts and questions regarding the perfection of this submission. $HK 800‚000 may not be a legitimate figure to benchmark. The figure could be too high‚ plant managers are not in favour of such high end procurement figure and legitimacy of the request has been compromised at large. Plant Managers did not treat Mr Chan’s email seriously due to designation or the way of communication
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