Principles of Liability – Coursework Assessment Two For a contractual agreement to withstand‚ it is crucial that the contract contains the four main components‚ which are; offer‚ acceptance‚ consideration and the intention to create legal relations. A contract is seen as a legally binding agreement between two parties‚ so It is very important for the court to establish a ‘consensus ad idem’; the meeting of minds in order to judge whether a contract exists. Britney’s first meeting with
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Valley Forge: Would You Quit? In Philadelphia‚ the winter of 1777‚ the situation was harsh and rough. General George Washington wanted a place where he could keep an eye on the British‚ and he decided to go with Valley Forge. Valley Forge was the turning point for the Revolutionary War. It was a place that men were starving to death‚ dying from sickness and diseases‚ and dying from being shot. George Washington decided to make a camp at Valley Forge with his troops and soldiers. He had a lot of
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something for my baby You don’t know how incredibly happy you make me. I have fallen head over heels for you. you are everything I could possibly want and more. Words can’t even begin to explain the way you make me feel‚ you are my other half. you are what I think about every night before I go to sleep‚ and the first thing on my mind when I wake up in the morning. I get the most amazing feeling every time I’m talking to you‚ and you take my breath away every moment we’re talking. They say there’s
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Negligence is the breech of an obligation or duty to act with care‚ or failure to act as a reasonable or prudent person under certain circumstances. Actual loss or harm must occur in order for negligence to be considered. If loss or harm has occurred as a result of negligence‚ the act is considered a tort‚ and damages may be recovered ( money or form of compensation awarded by law as the result of the negligent action). Torts are willful or unintentional wrong doings committed by one individual
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NEGLIGENCE DEFINITION A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances. The behavior usually consists of actions‚ but can also consist of omissions when there is some duty to act (e.g.‚ a duty to help victims of one’s previous conduct). OVERVIEW Primary factors to consider in ascertaining whether the person’s conduct lacks reasonable care are the foreseeable likelihood that the person’s conduct will result in harm
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Chemical manufacturer may be defined as production of drugs and chemical by synthesis‚ fermentation or extraction from naturally occurring materials of biological or mineral origin. Unfortunately‚ while the pharmaceutical formulation industry has grown at a relatively rapidly pace‚ the basic chemical industry in Pakistan has lagged behind. Basic manufacturer is dependent upon a reasonably well-developed petrochemical industry. The Pharmaceutical industry in Pakistan is primarily based on import
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Contingent Liability 1. Analyze why a company would prefer not to disclose its contingent liabilities. In order to understand why a company would or would not disclose his contingent liabilities it is important to know exactly what a contingent liability is. As I have learned throughout all of my accounting studies a liability is simply an obligation or debt that a business owes to an individual or an organization. Now there are many liabilities that include services‚ payroll‚ notes‚ and
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The aim of this assignment is to discuss whether the classless society is attainable and sustainable in this century. To begin the definition of concepts are given‚ then the origin of the classes. It then looks at how the capitalist society cannot evolve to the classless society in this century. According to Ernesto (2007:17)‚ Classes are a large group of people who differ in their relation to the means of their role in the social economic and political organization. Their class stratus is determined
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ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted to
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Medical Negligence‚ Malpractices‚ Law and Bangladesh Perspective Back in 1992 there were hardly any private medical hospitals in Bangladesh. Standard of medical treatments were comparatively lower than now it is but it was at least at the standard as expected from the available expertise and technologies. This is 2012‚ and it is expected that the standard of medical treatment would grow up significantly. During 80’s- 90’s we used to see news of malpractices of so called ‘doctor’ only in villages
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