LAW ON OBLIGATIONS AND CONTRACTS* I. Introduction A. Law - from the Latin word “lex” which is derived from the verb “Ligare” meaning “to bind” - a rule of conduct‚ just and obligatory promulgated by legitimate authority for the common observance and benefit (as defined by Sanchez Roman‚ a Spanish Civilist) B. Sources of Law 1. Legislative- Congress 2. Constitution- supreme law of the land 3. Administrative or Executive Orders‚ Regulations and Rulings-
Premium Law
Area of law for this case is law of contract. Contract is defined of section 2(h) of the Contract Act (CA) as a contract is an agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation‚ which may have elements in writing‚ though contracts can be made orally. A contract is a legally enforceable promise or undertaking that something will or will not occur. The word promise can be used as a legal synonym for contract. Although care is required as a promise
Premium Contract Common law Law
Part 1 A contract is an agreement between two or more parties‚ which can be legally enforceable. A contract maybe written or oral‚ although an oral agreement can be difficult to prove in court. In order for a contract to exist it must include four elements‚ that being offer‚ acceptance‚ intention and consideration. (Sweeney & O’Reilly 2007 pg 160). A contract only exists when an offer has been accepted‚ an offer has the intention to be legally binding and the willingness to contract on certain conditions
Premium Contract
“A data breach is an incident in which sensitive‚ protected or confidential data has potentially been viewed‚ stolen or used by an individual unauthorized to do so.” (“What is a Data Breach?”) Cyber Criminals can potentially hack cars‚ phones‚ computers‚ bank accounts and even baby monitors. (Murdock) With all of these things under attack‚ it can be hard to escape without any personal information stolen. One major data breach took place in 2014 with the Yahoo company
Premium Security Computer security Privacy
2 MAIN CONTRACT The Employer shall make the Main Contract (other than the details of the Employer’s prices thereunder as stated in the bills of quantities or schedule of rates and prices as the case may be) available for inspection to the Contractor with and‚ if so requested by the Contractor‚ shall provide the Contractor with a certified true copy of the Main Contract (less such details of the Employer’s price)‚ at the cost of the Contractor. The Contractor shall be deemed to have examined the
Premium
|This Employment Agreement (“Agreement”) is made and entered into on | | |between | |whose principal place of business is located at | | |(hereinafter referred to as "Employer") and | | |whose present address and telephone number is
Premium Employment
Contracts Contracts are an important part of everyday life. They are an essential part of business. As a student of a business law class‚ I will discuss in this paper several aspects of contracts. This paper will give a definition of a contract and the essential elements necessary to form a valid contract. It will briefly discuss breach of contract and the difference between a material breach and a nonmaterial breach of contract. Examples of legal and equitable remedies available for breach
Premium Contract Breach of contract Damages
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 dominant position in his relationship with
Premium Contract law Contract Misrepresentation
there is a remedy’ ubi jus ibi remedium; which provides the fundamental concept that the complainant who has a grievance cognizable by the law may be assured of a remedy through the courts. Ubi jus ibi remedium has been a fundamental concept of our legal system‚ and the complainant who has a grievance cognizable by the law may be assured of a remedy through the courts. The work of the constitutional mandate is that courts must grant ‘appropriate relief’ or ‘appropriate and just’ remedy where there
Premium Law Human rights Habeas corpus
A contract is an enforceable agreement between two or more persons or entities pursuant to which the parties undertake binding obligations. The vast majority of all business --- both personal and commercial --- is conducted pursuant to contracts‚ either oral or written‚ and courts of law decide disputes between parties to contracts. The four basic elements necessary for formation of a valid contract are capacity‚ offer and acceptance‚ consideration and compliance with law and public policy. Also
Premium Contract Contract law