Contracts Cyril made two contracts. The first was to have his house painted one month from the date of the written contract. The second was for his neighbor’s 1957 Ford Thunderbird. Each contract was definite and clear in all respects. As to the house painting‚ Cyril inquired with the painter as to when the work could begin. The painter explained that he was extremely busy and was not sure if he could fulfill the contract. Cyril flew into a rage and immediately hired someone else
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Week Four Assignment By: Kelly Sciberras November 25‚ 2012 DeVry University Business Law – BUSN420 Week Four Assignment As our textbook explains fraud invalidates a contract. “The presence of fraud affects the authenticity of the innocent party’s consent to a contract. When an innocent party is fraudulently induced to enter into a contract‚ the contract usually can be avoided because she or he has not voluntarily consented to the terms. Normally‚ the innocent party can either cancel the
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Equity theory The motivation theories highlighted in the case which are Equity theory and Vroom’s expectancy theory. For the Equity theory which is developed by J.Stacey Adams‚ proposes that employees perceive and assess a ratio of jobs inputs related to the outcomes they received for their performance to seek either equity or inequity in their situation and then corrects any inequity. The term of equity in the Equity theory is related to the concept of fairness‚ justice‚ and treated equally between
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Development of Equity Introduction Before the Norman Conquest of 1066‚ there was no common law system‚ law was written in codes influenced by Roman law and created by local kings. Shire courts and hundred courts were responsible for law enforcement. The legal system was mainly based on custom and tradition by the intervention of god. The law was often reformed‚ being how the king wanted it to be. The Lord Chancellor‚ who was the chief legal administrator of the kingdom and the king‚ made their
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EQUITY THEORY • This process theory focuses on workers’ perceptions of the fairness of their work outcomes and inputs. Specifically they strive to maintain ratios of their own rewards to contributions which are equal to others’ ratios . EQUITY EQUATIONS • Equity – Outcomes (self) Inputs (self) = Outcomes (other) Inputs (other) •Underpayment Inequity Outcomes (self) Inputs (self) • Overpayment Inequity Outcomes (self) Inputs (self) < Outcomes (other) Inputs (other) > Outcomes
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Educational Equity Having educational equity means understanding the changes that education has gone through‚ it means understanding what/ who impacts or changes education policies‚ being mindful of varying perspectives‚ and being fair to all students. We have to examine the achievement of students to understand true equity. Has achievement levels changed within the differing groups? According to Schrag (2004) the gaps in achievement‚ should start to close as the pressure on U. S. schools to achieve
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PRACTICE PROBLEMS - EQUITY: Problem 1: The equity section of ABC Company’s balance sheet as of January 1‚ 2014 is presented below: Common Stock($0.5 par)$ 100‚000 Additional Paid-In Capital$ 2‚000‚000 Treasury Stock($ 500‚000) Retained Earnings$ 1‚000‚000 Total Equity$ 2‚600‚000 Note that all paid-in capital accounts are tracked in the single “Additional Paid-In Capital” account listed on the balance sheet. ABC Company recorded net income of $120‚000 in 2014. It neither declared nor paid
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In reading our textbook it reveals relevant facts that fraud invalidates a contract. “The existence of fraud disrupts the honesty of the unknowingly person’s permission/agreement to a contract. When a person unknowingly goes into a terms of a contract‚ the agreement normally can be avoided since he or she didn’t freely come to agreement with the terms. Normally‚ an unknowing person has a choice terminate the contract all together and return to their beginning place or proceed with the contract and
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Cases Comm 315 Case1 : King v.BioChem Therapeutic Inc. Fact: Dr King is hired by Bio Chem. She signed a special contract that specifies a period of probation. During this period‚ she can be let go but you have to be known the wrong behavior in order to be able to rectify it. If the wrong behavior persists then your contract will be terminated. Issue: Is the termination of the contract of Dr King for fault justified? Ratio Employer version of facts: 1st meeting: after 5 months and a half
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(Declaration of Independence‚1776) This quote is symbolic of the expressed opinions and ideology of the founding fathers of America. History‚ especially the history of the American educational system‚ paints a contradictory portrait. Idealistic visions of equity and cultural integration are constantly bantered about; however‚ they are rarely implemented and materialized. All men are indeed created equal‚ but not all men are treated equally. For years‚ educators and society as a whole have performed a great
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