CONTRACTS OF INDEMNITY Definition Section 124 of the Contract Act defines a contract of indemnity as a contract by which one party promises to save the other party from loss caused to him by the conduct of the promisor himself‚ or by the conduct of any other person. P. contracts to indemnify Q against the consequences of any proceeding which R may. take against Q in respect of a certain sum of Rs. 200. This is a Contract of Indemnity: P is called the indemnifier and Q the Indemnity-holder. Characteristics
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CONTRACT & AGENCY LAW END-OF-COURSE ASSESSMENT JULY 2012 PRESENTATION Submission Date : 08 Sept 2012 Question 1: Legal issues: As there are different parts to “Clause 8” in the employment contract which Julia as an employee has signed with Calypso Private Limited‚ we shall examine four separate legal issues. The first legal issue is whether Calypso is able to enforce part (a) of Clause 8 which states that Julia shall not be directly or indirectly
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Business Scenarios and Case Problems 9-1. Contracts by Minors…Discuss Kalen’s liability in this situation. Kalen is a seventeen year old boy who rented an apartment for $500 a month‚ after consistently paying for rent for 4 months‚ he decides to return the key and not pay rent for the rest of the remaining months on the contract. I would think that this is classified as “disaffirmance”. Since he is seventeen‚ and a minor when he leaves the apartment‚ he is able to legally avoid his contractual obligation
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Assume that the cost of storing gold is zero and that gold provides no income. 2. On September 12‚ 2006‚ an investor owns 100 Intel shares. As indicated in the table below‚ the share price is $19.56 and January put option with a strike price of $17.50 costs $0.475. The investor is comparing two alternatives to limit downside risk. The first is to buy 1 January put option contract with a strike price of $17.50. The second involves instructing a broker to sell the 100 shares as soon as Intel’s
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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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Law of Agency – the Contracts Act 1950 Great Northern Railway Co v Swaffield states that where impossible to get principal’s instructions‚ the agent’s action is necessary to prevent loss and the agent has acted in good faith‚ an agency of necessity arises. The Contracts Act 1950 states that an agent has to obey principal’s instructions. The Contracts Act 1950 states that an agent has to be careful‚ diligent and use any skill that he may
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EMPLOYMENT DISCRIMINATION TABLE OF CONTENTS CHAPTER 2: DEFINNING & PROVING DISCRIMINATION 3 I. Intentional Discrimination Against the Individual: Disparate Treatment (Pg. 58) 3 A. The Conceptual Framework (Pg. 58): 3 Texas Dept. of Community Affairs v. Burdine 3 St. Mary’s Honor Center v. Hicks 4 Foster v. Dalton 5 Reeves v. Sanderson Plumbing Products 5 B. Proof of Causation (Pg. 107): 6 Price Waterhouse v. Hopkins 6 Desert Palace Inc
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------------------------------------------------- Top of Form Sharecrop Contracts of the 1882 was a contract that seemed to be for the landowners and not for the actual sharecropper. The landowners seem to not really take care of the sharecroppers in any way. The landowner’s responsibilities seem to only be to supply the land or more like renting it and reaping the profits of the share croppers in order to keep them in debt to the landowners and never actually freeing them to own their own land and freedom actually keeping them
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CIS183: Oracle SQL Programming Lab #2‚ Due 2/15/2011 All exercises will be completed using your class login (c183_#) on the class server. Using the HR schema (which has been created in your class login)‚ complete the following questions: After Lesson 2: 1. The HR department needs a report that displays the last name and salary of employees who earn more than $12‚000. 2. Write a query that displays the last name and department number for employee number 176. 3. Write a query to display the
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How to Do Well on a Job Interview by Glenda Davis 1 Ask a random selection of people for a listing of their least favorite activities‚ and right up there with “getting my teeth drilled” is likely to be “going to a job interview.” The job interview is often regarded as a confusing‚ humiliating‚ and nerve-racking experience. First of all‚ you have to wait for your appointment in an outer room‚ often trapped there with other people applying for the same job. You sit nervously‚ trying not to think
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