COMMERCIAL CONTRACTS UNDER NIGERIAN LEGISLATION Introduction A contract is an agreement which is legally binding on the parties to it and which if broken may be enforced by action in court against the party that has broken it. A contract may be void or voidable. A void contract is that which lacks the essential ingredients or elements of valid contract and therefore of no legal effect. A voidable contract is that which is valid in the first place but may be ended at the instance of one of the
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Inflations means paying more for goods than what you were paying earlier. Not only essential goods see a hike‚ non-essential items like cigarettes etc would also cost more. In other words inflation makes a hole in your pocket. The rents have shot high‚ necessary commodities cost more than usual and thereby savings is affected.In direct words Inflation brings no gain to common man except for few hoarders and investors. Inflation enriches fewer while impoverishing more. They say a little bit of
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Compare and contrast “inflation targeting” with the experience of the US Federal Reserve Inflation targeting as the name suggests does not necessarily mean that the bank has only one agenda - correct rate of inflation to target. On the contrary‚ inflation targeting allows the central bank to have an explicit target for the rate of inflation which as a result helps the individuals‚ households and markets form inflation expectations for the future. Secondly‚ targeting inflation means that the central
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HISTORICAL INTERVIEW INTERVIEW ON ANCIENT CLOTHING STYLE CONDUCTED IN NIGERIA In line with my background‚ I found it imperative to carry out this interview in Africa. This was made possible via Skype‚ as my granddad and mum had a 2 hours session with me on this topic‚ “How clothing was obtained in our family during their time and their sense of costume while they were still champions in the village. Other relative questions they attempted to answer in this interview are the nature of clothing production
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THE IDEA OF NATURAL RIGHTS; A NIGERIAN EXPERIENCE Being a Paper presented at PHILOSOPHY DEPARTMENTAL SEMINAR SERIES OLABISI ONABANJO UNIVERSITY‚ AGO-IWOYE‚ OGUN STATE ON THE 4TH SEPTEMBER‚ 2006 AT OGD LECTURE THEATER By OMOTOSO‚ SHARON ADETUTU ABSTRACT This paper attempts a philosophical appraisal of the idea of natural rights‚ issues and problems associated with human
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11-12 | 4. | Import trend of Bangladesh | 13 | 5. | FDI and Balance Of Payment | 14 | 6. | Inflation and Exchange Rate | 15-16 | 7. | References | 17 | Economic condition of Bangladesh: The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1‚700. According to the International Monetary Fund‚ Bangladesh ranked as the 44th largest economy in the world in 2011 in PPP terms and 57th largest in nominal terms‚ with a gross domestic product
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Government-bond markets in peripheral countries are soaring Jan 19th 2013 |From the print edition THE squiggles on traders’ screens showing changes in the prices of government bonds are the closest thing that financial markets have to ECG machines for economies. By this diagnostic measure the invalids in Europe’s medical ward are making a remarkable recovery. On January 10th the interest rate on Spanish ten-year government bonds fell below 5% for the first time in almost a year. Even though rates then
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-342.6 3.5 | | |Unemployment (thousand people) 38.0 38.2 | | |Inflation (percentage) 4.2 13 | | |Foreign trade turnover (USD million) 4023.1 6177.1
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Name: ________________________ Class: ___________________ Date: __________ ID: A Test 2 5. If the economy is in a recessionary gap and the price level falls very slowly‚ then the result will be a prolonged period of a. high unemployment. b. production above potential GDP. c. shortages in supply. d. inflation whenever supply increases. Figure 10-8 6. The slope of the consumption function is measured by the marginal propensity to save. 7. If the stock market falls by 25 percent
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GDP while Thailand and Lao PDR increased receipts to over 7%. Since 2000‚ Cambodia has surpassed all other ASEAN countries and generated almost 15% of its GDP from tourism in 2006. Indonesia is the only member of G-20 major economies and considered as the largest economy in the region.[31] Indonesia’s estimated gross domestic product (nominal) for 2008 was US$511.7 billion with estimated nominal per capita GDP was US$2‚246‚ and per capita GDP PPP was US$3‚979 (international dollars). Stock markets
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