Contract Scenario Stanley Moore Business Law 575 December 2‚ 2013 Professor Thomas Kershaw Contract Scenario Recently‚ Danny Davidson sold a family home to his friends Paul and Priscilla Peterson whereby entering into a $250‚000 verbal agreement for the purchase of new home. However‚ Danny neglected to tell Paul and Priscilla about Ned the neighbor and the emerging dispute pertaining to the boundaries of the south property. Once the purchase was final the Petersons proceeded to invest an
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adequate”- discuss. In Contracts‚ What is "Consideration"? In order for any contract to be enforceable‚ courts generally require three things: mutual assent (agreement to the contract terms)‚ a valid offer and acceptance‚ and consideration. Consideration in law is one of the three main building blocks of a contract. It can be anything of value‚ which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party offers consideration in contract‚ the
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Outline and critically evaluate the concept of the ‘psychological contract’. Why is an understanding of the psychological contract considered to be important to the management of the contemporary employment relationship? This essay will outline and critically evaluate the theory of the “psychological contract” and its role between the employee and employer. Through looking at the positive and negative aspects of this contract by using relevant information‚ figures and evaluating case studies‚
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Aini consent to an agreement caused by undue influence? Undue influence define under Section 16(1) of the Contract Acts where a contract is induced by undue influence if one of the parties is in a position to dominate the will of the other and uses that position to obtain an unfair advantage over the other. Section 16(1) of the Contract Acts 1950 lay down the principal in general terms and gives the element necessary to establish undue influence where the elements are the wrongdoer was in a
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Determining the Density of Plastics 1) Introduction ⦁ a) Purpose: Determine density of different plastics ⦁ b) Hypothesis: If density is related to the ratio of mass to volume‚ then density can be calculated by using the formula D=M/V. i. c) Background: Density is the physical property that can be used to help identify substances. D=M/V. mass= found using a balanc and labeled in grams and volume=graduated cylinder or taking ( lxwxh ) measured in mL or cm3 2) Materials ⦁ a) List -graduated
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Employment Law and HRM Strategy Introduction Employment laws play a critical role in human resources management strategies and in an organization operation. Employee laws are design to protect the employees by the Equal Employment Opportunity Commission (EEOC). The Equal Employment Opportunity Commission (EEOC) “ federal enforcement agency enacted to ensure that employers follow and abide by rules set forth in the Civil Rights Acts of 1964”(Web Finance‚ 2012). However‚ the act insisted of “people
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Mikhail Gorbachev was a Russian native who made his mark on Soviet government. He was looking to change the system and how various aspects worked within the system. When individuals‚ whether citizens or officials‚ saw Gorbachev ideas of change accompanied his name. One part of change he made while in office was with the economic system. This one change rippled into many changes as the structure of the government was deeply intertwined. Gorbachev made an uncommon decision for person of his stature
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Part A Contracts are an integral part of business and everyday life‚ and are fundamental to construction as the industry relies on the formation of contracts for business agreements. “Contracts are based on the idea of a bargain‚ where each side must put something into the bargain. A contract may be defined as ’an agreement which is binding on the parties’” (Galbraith‚ 1998‚ pg78). There are a number of key components which must be present in the formation of such contracts. Firstly‚ there
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Employment Responsibilities and Rights. Task 1 – Statutory responsibilities and rights of employees and employers. List the aspects of employment covered by law. The main aspects of employment that are covered by the law are. * Minimum wage * Hours worked * Discrimination * Health and safety * Holiday entitlement * Redundancy and dismissal * Training * Disciplinary procedures * Union rights and consultation List the main features of current employment
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All Blocks Maximum Marks: 100 Attempt all the questions 1. Explain in detail four of the main multilateral environmental agreements with trade provisions. (20) 2. “All contracts are agreements but are agreements are not contracts”. Comment upon the statement‚ with suitable illustration. (20) 3. Differentiate between the following: (a) Domestic and foreign environments (b) Classical theory and Neo Classical theory of International
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