Contract Formation Before determining the validity of the exemption clause‚ the first issue to be raised is when the contract was formed between Frank and Packer Line. A contract is an agreement entered into by two or more parties‚ keeping within the terms of the contractual agreement. For the contract to be enforceable‚ there must have an offer made‚ which indicates willingness by the offeror to be.......(cite a case that illustrate this)‚ an unqualified acceptance (citation)‚ ........In Baltic
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History of Tourism The earliest forms of leisure tourism can be traced as far back as the Babylonian and Egyptian empires. A museum of “historic antiquities” was open to the public in the sixth century BC in Babylon‚ while the Egyptians held many religious festivals attracting not only the devout‚ but many who came to see the famous buildings and works of art in the cities. The local towns accommodated tourists by providing services such as: vendors of food and drink‚ guides‚ hawkers of souvenirs
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Marijuana is a popular and universal drug. It is easily accessible to most people and is the number one illicit drug used in North America. Although the availability and knowledge of this drug is fairly equal for all people in North America‚ marijuana tends to be more prevalent in teenagers and young adults. Maisto‚ Galizio‚ and Conners (2004) reported that "use of marijuana [in young people] was 8.0% among those aged 12-17; 16% among those aged 18-25‚" as compared to "6.8% among those aged 26-34;
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Supply and demand are the starting point of all economic investigation. It is important to be able to level the two. Supply is the different qualities that a producer will make available to the market at different prices. Demand is the various quantities that a consumer is willing to buy at various prices. There are several reasons demand changes such as; income‚ preference‚ taste‚ changes and expectations in future pricing. The factors that affect supply would be prices and profit. Firms are profit
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INTRODUCTION The price of a commodity such as wheat increases when there is an increase in demand and decrease in supply. This particular case is currently being experienced in China and South Africa. Preceding the price change‚ changes in demand and supply has to occur. There are factors which cause this change in demand and supply. FACTORS WHICH CAUSE CHANGES IN DEMAND AND SUPPLY China recently experienced a drought causing the low production of wheat. Low production of wheat resulted in a low
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Full Length Research Paper Tourism marketing information and destination image management Arturo Molina1*‚ Mar Gómez1 and David Martín-Consuegra2 1 Department of Marketing‚ University of Castilla-La Mancha‚ Cobertizo San Pedro Mártir s/n. 45071 Toledo‚ Spain. 2 Department of Marketing‚ University of Castilla-La Mancha‚ Ronda de Toledo s/n. 13071 Ciudad Real‚ Spain. Accepted 25 March‚ 2010 Destination image is commonly accepted as an important aspect in successful tourism management and destination
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the shelf life of products (Xiao‚ Jin‚ Chen‚ Shi‚ Xie‚ 2010). Shortened shelf life and increased demand presents a problem for supply chain managers. First‚ the timeline for production to market products is shortened (Eroglu‚ Williams & Waller‚ 2011). Second‚ market replenishment frequencies are increased (Hussian & Drake‚ 2011). Third‚ low-demand product turnover becomes costly‚ when high-demand heuristics and rules are applied to them (Syntetos & Keyes‚ 2009). The convergence of these factors
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per pound‚ then the demand for leeks will rise by 10 pounds. Therefore we can conclude that the demand for leeks is elastic. 2. Marginal revenue is equal to price if the demand curve is horizontal. 3. If there is a price increase for a good that Marilyn consumes‚ her compensating variation is the change in her income that allows her to purchase her new optimal bundle at the original prices. 4. If the demand curve is a linear function of price‚ then the price elasticity of demand is the same at all
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Travel and Tourism Industry‚ measures and indicators used to monitor performance. Also some examples of tour operators and airlines environmental projects have been discussed to understand the tourism organizations measures implement for the development of sustainable tourism. Strategies used to overcome limitations and benefits of sustainable tourism are also explained with a number of significant points in order to highlight the importance of sustainability in the Travel and Tourism Industry. Books
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1.0 Tourism and International Tourism Tourism is the movement of people from one place to another. The tourism product is different from other products as it is produced and consumed simultaneously by the consumer. The buyer has to experience the product and services to know the worthiness of the tourism package. For instance if the tourist is buying a package tour to destination Mauritius‚ the tourist must travel to the country to experience the tourism products and services available there
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