"Elements of contract formation" Essays and Research Papers

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    Contracts Derivatives

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    Why do they call these contracts derivatives? Where is the optionality in these contracts? Weather derivatives structures commonly used are: i) cap - a call option; ii) Floor - a put option; iii) Collar - a put and a call option‚ usually with little or no premium; iv) Swap - a derivative with a profit and loss profile of a futures contract v) Digital option - an option that pays either a predetermined amount if acertain temperature or degree day level is reached‚ or nothing at all in other

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    Contract Pricing

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    Fixed-Price Contract or Cost-Reimbursement Contract Willie Glover BUS 501 February 20‚ 2011 Dr. Nick Nayak Abstract Fixed-price contracts and cost-reimbursements are two different forms of contracts used by the federal government while determining contract pricing. Contracting officers may use either when contracting however there are several types of fixed-price contracts. Fixed-price type of contracts provide for a firm price or an adjustable price. Fixed-price contracts consist of firm-fixed-price

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    Void Contract

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    grounds of void contract under Nepalese Contract Act by illustrating the cases. Any contract which is not enforceable by law is said to be void. A void contract is one which has no legal effect whatsoever owing to the fact that a transaction which is void. Even if they satisfy some of the conditions of a valid contract‚ they are not enforceable. In the eye of law such contract is no contract at all. There are some contracts which have been declared as void by section 13 of Nepalese Contract Act 2056.

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    Relationships Discuss theories of relationship formation The sociobiological explanation is an evolutionary theory which perceives relationship formation as a form of ‘survival efficiency’‚ with different focus between genders. Males are not certain of paternity and produce lots of sperm‚ so their best strategy to further their genes is to have multiple partners. The explanation sees males looking for signs of fertility such as smooth skin‚ and sexual faithfulness as they do not want to waste resources

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    Collateral Contract

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    A Collateral contract A collateral contract is one where the parties to one contract enter into or promise to enter into another contract. Thus‚ the two contracts are connected and it maybe enforced even though it forms no constructive part of the original contract. According to Lord Denning MR in the case of Evans & Sons Ltd v Andrea Merzario Ltd [1976] 1 WLR 1078 a collateral contract is ‘When a person gives a promise‚ or an assurance to another‚ intending that he should act on it by entering

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    What is Spiritual Formation In this essay the topic of spiritual formation will be addressed. We will attempt to define what it is and its role in our lives. How does one go about pursuing spiritual formation? Meaning‚ what steps are necessary for this pursuit. Is there an end point or is it a lifelong pursuit? The scriptures will provide us with Biblical examples and other sources will be used as well. Spiritual formation defined There are many definitions for the term spirit. The secular

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    Futures Contract

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    forward and futures contracts are traded on exchanges. b) Forward contracts are traded on exchanges‚ but futures contracts are not. c) Futures contracts are traded on exchanges‚ but forward contracts are not. d) Neither futures contracts nor forward contracts are traded on exchanges. 2. Which of the following is not true (circle one) a) Futures contracts nearly always last longer than forward contracts b) Futures contracts are standardized; forward

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    Chem Elements

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    1. Hydrogen Name: Hydrogen Atomic number: 1 Atomic Weight: 1.00794 grams/mole Standard state: gas at 198 K Hydrogen is the lightest Hydrogen is the lightest element. It is by far the most abundant element in the universe and makes up above 90% of Universe by weight. Hydrogen as water (H2O) is absolutely essential to life and it is present in all organic compounds. Hydrogen is lightest gas. Hydrogen gas was used in lighter-than-air balloons for transport but is far too dangerous because

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    Contracts By Minors

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    Business Scenarios and Case Problems 9-1. Contracts by Minors…Discuss Kalen’s liability in this situation. Kalen is a seventeen year old boy who rented an apartment for $500 a month‚ after consistently paying for rent for 4 months‚ he decides to return the key and not pay rent for the rest of the remaining months on the contract. I would think that this is classified as “disaffirmance”. Since he is seventeen‚ and a minor when he leaves the apartment‚ he is able to legally avoid his contractual obligation

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    Contract Law

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    DISCHARGEMENT OF CONTRACT The law of contracts forms a substantial part of our various relationships that can have some sort of influence over us on an almost daily basis – even when there is no physical contract in front of us we may still be privy to some sort of contractual obligation. Alternatively‚ if you’re a fan of social theorists such as Jean-Jacques Rousseau‚ you may argue that we’re also bound by ‘the social contract’‚ but we digress. Getting back to our original point

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