TEAM CONTRACT - Group 7 I. Team Goal: Include a comment on each of the elements of SMART Specific – what‚ why‚ who‚ where and which in terms of the goal? ü We expect our team to become a cohesive and cooperative group by the end of the term. It will need devoted dedication from each member. It is critical to our success on overall performances because good teamwork allows us to work effectively and efficiently. The specific goal related to Mike’s Bick is to triple the shareholder’s value by
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Asif Tufal Contract-Law-page CASES ON FORMATION OF A CONTRACT OFFER Payne v Cave (1789) The defendant made the highest bid for the plaintiff’s goods at an auction sale‚ but he withdrew his bid before the fall of the auctioneer’s hammer. It was held that the defendant was not bound to purchase the goods. His bid amounted to an offer which he was entitled to withdraw at any time before the auctioneer signified acceptance by knocking down the hammer. Note: The common law rule laid down in
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Part 1 THE FORMATION OF A CONTRACT There are five basic requirements that need to be satisfied in order to make a contract: ● An agreement between the parties (which is usually shown by the fact that one has made an offer and the other has accepted it). ● An intention to be legally bound by that agreement (often called intent to create legal relations). ● Certainty as to the terms of the agreement. ● Capacity to contract. ● Consideration provided by each of the
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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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Christmas Day on the 25th December? No one knows the real birthday of Jesus! No date is given in the Bible‚ so why do we celebrate it on the 25th December? The early Christians certainly had many arguments as to when it should be celebrated! Also‚ the birth of Jesus probably didn’t happen in the year 1AD but slightly earlier‚ somewhere between 2BC and 7BC (there isn’t a 0AD - the years go from 1BC to 1AD!). The first recorded date of Christmas being celebrated on December 25th was in 336AD‚ during
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Municipal Bonds The greatest advantage of municipal bonds can be summed up in two words: tax free. The interest rates on municipal bonds may seem low compared to similar long-term securities like Treasury bills and CDs‚ but tax advantages may level the playing field. Let ’s look at some examples. If you ’re in the 25 percent bracket for 2008 federal income taxes‚ you ’d have to find a taxable security with an interest rate of 4 percent to equal the yield of a tax-free municipal bond with an interest
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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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invest in bonds for the short-term or the long-term depends on your investment goals and time frames‚ the quantity of jeopardy you are willing to take and your tax status. When considering a bond investment strategy‚ keep in mind the importance of diversification. As a universal rule‚ it’s by no means a good idea to put all your assets and all your risk in a single asset class or investment. You will want to expand the risks within your bond investments by creating a portfolio of a number of bonds‚ each
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VALENCE BOND THEORY The ‘mixing’ or ‘blending’ of atomic orbitals to accommodate the spatial requirements in a molecule is known as hybridization. Hybridization occurs to minimize electron pair repulsions when atoms are brought together to form molecules. Possible hybridization schemes: 2nd row elements: sp sp2 sp3 3rd row elements also have: dsp3 d2sp3 Each of these hybridzation schemes corresponds to one of the five fundamental VSEPR geometries. Bonding arises from the overlap
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INTRODUCTION 1.1 WHAT IS BOND? In finance‚ a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security‚ under which the issuer owes the holders a debt and‚ depending on the terms of the bond‚ is obliged to pay them interest (the coupon) and/or to repay the principal at a later date‚ termed the maturity. Interest is usually payable at fixed intervals (semi-annual‚ annual‚ and sometimes monthly). Very often the bond is negotiable‚ i.e. the ownership of the
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