the element of agreement requires the formation of a valid contract. Step 2 Explain the principles of law relevant to that issue with reference to authority (cases and/or legislation) The element of an agreement is one of the three elements of a contract intention to be legally bound either in formal execution in a deed; or consideration. Agreements means a meeting of the minds on at least those essential terms needed for a workable transaction. There are many way to reach a workable agreement
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rights to provide independent judgement. However‚ at the same time directors must restrict their independence in a good faith to make decision that would benefit the company. Corporate opportunity factually explains that any business opportunity that could advantage a business (Law Cornell‚ 2010). Thus‚ corporate opportunity doctrine leads the legal duty of directors‚ officers and leading shareholders in a company‚ in the responsibility of loyalty‚ not to take any opportunity for their oneself deprived
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he had promised Roy and other tenants‚ in order to deter them from moving out. So in essence‚ I will be discussing whether or not the owner is allowed to raise the rent back to the original amount‚ and also whether or not he can recover the accumulated discounted amount. Whether or not the owner of the building can do this‚ we will look at a principle called Promissory Estopple. Promissory Estopple refers to when a party is stopped from going back on his promise if that promise has been acted upon
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There are many laws in the world today that some may find are neither rational nor fair for all the parties involved in the situation. I have chosen two laws that I do not think are logical‚ these two are apparent authority and executory process. The first law I will be discussing is an agency this is the right one person has to execute business on behalf of another person or corporation. There are three important parties involved in an agency relationship; the agent (this is who can enter a contract
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The Functions of Management Introduction The success of an organization’s performance consists of applying four functions in management which include: planning‚ organizing‚ leading and controlling. Management Functions This paper will discuss four management functions: planning‚ organizing‚ leading‚ and controlling. All of these functions are what every conscientious manager does whether he or she knows it and have the same importance in creating excellent results. The purpose
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From an automobile accident to an injury at work or even a mistake made by a medical care professional‚ personal injury law covers a very broad range of incidents. There are many factors. A lot depends on the severity of injuries‚ whether the incident is covered under an insurance policy and a certain level of clarity for who is at fault. Seeking the assistance of an experienced personal injury lawyer - who can help shed light on those factors - will help you to move easily through the process of
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prisoner can be released from unlawful detention. The remedy can be sought by the prisoner or by another person coming to his aid. Habeas corpus originated in the English legal system‚ but it is now available in many nations. It has historically been an important legal instrument safeguarding individual freedom against arbitrary state action. Writ of prohibition A writ of prohibition is a writ directing a subordinate to stop doing something that they may not do‚ according to law‚ but are doing. In
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1.What is the duty of disclosure? Ans:The insurance company needs information from the consumers to decide whether make a contract or renew a contract with consumers. And also the insurance company wants to decide the price of the contract and terms and conditions of the contract on the basis of the information which is provided by the consumers. The law enforces a duty of disclosure on consumers when they are looking to take a new insurance cover or wants to renew
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CRIME AND SOCIETY FROM THE MIDDLE AGES TO TODAY. Crime and punishment are two universal human experiences‚ found in one form or another in all of recorded history. However the form they take and the way they are conceived changes dramatically over time. The way we think of concepts such as crime and punishment is radically different from the way our ancestors conceived of them several hundred years ago. On the other hand there are often surprising continuities‚ with ideas persisting over hundreds
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BUSINESS LAW ASSIGNMENT MANAGEMENT AND DEVELOPMENT INSTITUTE OF SINGAPORE UNIVERSITY OF BRADFORD DIPLOMA IN BUSINESS MANAGEMENT DBMD21176B BUSINESS LAW ASSIGNMENT GROUP MEMBERS NO NAME FIN NUMBER PM 1. SHIVRAJ PATEL G1099448P 2. DINESH JAGWANI G1096070W 3. ANDREY SAPUTROSUGO G1100087N DATE: ANALYSIS /40 RESEARCH /30 ORGANIZATION /15 PRESENTATION /15 NAME OF LECTURER: Mr. DANIEL THEYAGU BUSINESS LAW ASSIGNMENT CONTRIBUTION TO THE CLASS ASSIGNMENT MADE BY
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