Ans: Section 2(h) of the Indian Contract Act‚ 1872 defines a contract as an agreement enforceable by law. Section 2(e) defines agreement as "everypromise and every set of promises forming consideration for each other." Section2(b) defines promise in the word: "When the person to whom the proposal ismade signifies his assent thereto‚ the proposal is said to be accepted. A proposalwhen accepted becomes a promise." From the above definition of promise‚ it is obvious that an agreement
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Explain the common remedies that a party to a contract may claim under the law of contract. Various remedies exist in contract law. These include: Damages Damages in contract law are a legal remedy available for breach of contract. Damages are an award of money to compensate the innocent party. The primary purpose of damages in contract law is to place the injured party in the position they would have been in had the contract been performed. Parties to a contract may legitimately agree the
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The four basic elements of a valid contract are agreement‚ consideration‚ contractual capacity‚ lawful object. Objective theory of contracts is intent to enter into a contract. An example of this would be going to a car lot and say I will give you 5‚000 for this use car. This is a valid contract offer. I intend on purchasing the used car if the car lot is willing to sell the car for 5‚000. In the case of Pepsi vs. John Leonard objective theory doesn’t apply. Pepsi wasn’t truly offering the Harriet
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Image of handshake. Diffen. 2015 Elements of a Contract Hillary Fullmer Eth/321 January 12‚ 2015 William Eshelman Elements of a Contract An agreement that is legally bound between two or more people is a considered a contract. There are three elements that make up a contract agreement‚ consideration‚ capacity‚ and legality. Agreement is the coming to terms with both parties involved by acceptance of the offer. Consideration is the return of the value promised for an action or non-action that
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Q: How many universities did you apply for? I applied for 4 universities. California State University‚ Virginia International University‚ The Art Institute‚ and Wichita State University Q: Which universities accepted you? Q: Which Universities (both admits and rejects) did you apply to? Virginia State University‚ The Art Institute and Wichita State University accept me. Q: Why did you choose a specific university? I search all of the universities where I have been accepted and found that Wichita
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Running Head: THE BREACH OF TRUST AND PROVIDING GOOD CARE THE BREACH OF TRUST AND PROVIDING GOOD CARE JOLY S. PHILIP Grand Canyon University: NRS-437v Instructor: Amy Salgado 07/27/2012 Introduction The concept of confidentiality in nursing is founded on the philosophy and principles laid out by the Hippocratic Oath and Nightingale Pledge. The ethical need for confidentiality emerges from the need for establishing a trustful relationship between the patient and the nurse. The patient
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Copyright©Amity University Quantitative Applications in Management & Research Assignment – A Ques.1 Comment on “ Quantitative Techniques is a scientific and for enhancing creative and judicious capabilities of a decision maker” ‚ also state the different elements of Decision. Ques. 2 The raw data displayed here are the scores (out of 100 marks) of a market survey regarding the acceptability of a new product launch by a company for a random sample of 50 respondents 40 25 41 43 38 44 45 26 42 44 37 45 41
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CONTRACT – REMEDIES (Pg 183) Damages |Damages is the principal common law remedy for a breach of contract. It refers to the monetary compensation payable by the defaulting party. | |Assessment |Aim of unliquidated damages | | |The general principle of assessment is that the injured party is to be placed in the same financial position he
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BREACH AT X • What are the people‚ work processes and technology failure points that require attention? • What practices led to the security breach in TJX and why did such a smart andprofitable organization as TJX face such a situation? • Was TJX a victim of ingenious cyber crooks or did it create risk by cutting corners? Background a. Describe the company/department History 1. TJX was the largest apparel and home fashion retailer in United States
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Herbal Remedies Cheryl Hankins CM225-15 – College Composition II Professor Kelly Bradford August 9‚ 2009 Herbal Remedies The medicinal components of herbal remedies come from natural plant sources that range from flowers‚ tree barks‚ berries‚ leaves‚ and roots. These herbal medicines‚ also known as alternative medicines‚ used to treat a wide range of diseases and ailments are beneficial to the immune system. The use of herbs to treat conditions such as allergies‚ arthritis‚ colds‚ diabetes
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