promises to pay Ryan $1000 for his efforts Issue: Is there any consideration for the promise made by Richard? The Law: Every contract requires an offer‚ acceptance‚ and consideration. Consideration is the exchange of benefit and detriment‚ for example‚ the making of a promise in exchange for an act. If a party voluntarily acts and then the other party makes a promise‚ the act is said to be “past consideration.” A past consideration is some act or forbearance in time past by which a man has benefited
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C. Jarv Consideration of Animal Rights Peter Singer’s Theory of equal consideration for animals means that animals should be equal rights with respect to their particular interests. If a bird’s interest is to lay eggs‚ nest‚ fly and eat. It should be left to those interests. Different animals species have different interests. Implications of this would be an animal would not work a farm‚ be used in research‚ be served on the dinner table or any other activity that might remove it from
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Consideration in contract formation ------------------------------------------------- Top of Form Consideration is essential to the formation of any contract made without deed. It distinguishes a bargain or contract from a gift. Lush J in the case of Currie v Misa (1875) referred consideration consist of a benefit to the promisor or a detriment to the promisee as: “Some right‚ interest‚ profit or benefit accruing to one party‚ or some forbearance‚ detriment‚ loss or responsibility given‚ suffered
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Assignment: Ethical considerations in respect of advertising‚ sales promotion‚ pricing‚ product packaging and obsolescence. 2011 Introduction Ethics is concerned with what is right and what is wrong. Ethics relate to moral evaluations of decisions and actions as right or wrong on the basis of commonly accepted principles of behaviour (Dibb et. al.‚ 1997)‚ in other words‚ ethics are the moral principles and values that govern the actions
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It is the presence of consideration which distinguishes a contract from a bare agreement. In fact the doctrine of consideration has been incorporated in Section 25 of the Indian Contract Act. Section 2(d) of the Act reads : " When at the desire of the promisor ‚ the promisee or any other person has done or abstained from doing or promised to do or abstain from doing anything ‚ such act or abstinance or promise is called a consideration for the promise." The doctrine of course has its roots in the
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Considerations of Marketing in America Paper Taylor Magnuson Grand Canyon University: BUS 340 March 29‚ 2015 In such a cutthroat society‚ many companies rely on marketing to give them the competitive edge over their competition‚ but how far is too far? Discussing the legal and ethical ways to successfully market while capturing the trust and high brand perception‚ some concerns such as marketing to children‚ puffery‚ harmful products‚ and stealth marketing are always made known. Companies give
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Management and Budget and Congressional Budget Office The Office of Management and Budget and the Congressional Budget Office play a huge role in the U.S Government. The Office of Management and Budget is a part of the Executive branch whereas the Congressional Budget Office falls into the legislative branch. These two agencies have different responsibilities and powers‚ which are used to help our country run smoothly in the financial aspect. The OMB was created in 1921 through the Budget and Accounting
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MEMORANDUM TO: Management FROM: Anonymous Re: Quality costs for consideration Date: February 7‚ 2012 Our firm is the producer of tangible products. We‚ as a company‚ must ensure that we are delivering the highest quality products to our customers to maintain a quality reputation and in order to earn repeat and referral business. We have identified the three types of costs associated with the implementation of quality considerations. We believe that if we are mindful of the following costs our
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Stephanie DeCoo Cultural Considerations There’s many different cultures out there‚ so when it comes to patient care many of those cultures differ in many ways. The culture I choose to do my paper on is the Asian culture due to the fact in my past experience have seen many differences from my own. The Asian culture is said to have the most highly group-oriented people who place a strong emphasis on family connection as the main major source of identity and protection against the hardships of life
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Budgets provide a means for planning the financial future and play a vital role for planning. Budgets simultaneously make managers construct and implement plans‚ contribute useful information for improved decision making‚ provide a standard to administer performance evaluation‚ and enhance organization and communication. An essential component of the budgeting system is control. Control periodically takes actual results and budgeted results and compares the two. It also allows for managers to
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