Essentials of Consideration Presence of consideration is one of the requisites of Valid Contract. Consideration must be of two directional nature. That means both parties should get benefited mutually. Then only the Contract becomes capable of creating legal relations. Consideration may be in the form of cash‚ goods‚ act or Abstinence. Definition of Consideration “When at the desire of the promissor‚ the promisee or any other person has done or abstained from doing or does or abstains from
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What is the role played in contract law by the doctrine of consideration 1. Controversies and challenges of consideration. For a contract promise to be enforceable‚ that promise must normally be supported by consideration. Any contractual promise must be supported by consideration unless an exception applies. A promise will be supported by consideration if it’s given as part of a bargain or exchange rather than a gift. Second‚ the promiser or 3rd party should receive some act forbearance
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Fairness and Honesty The ability to recognize ethical issues is the key to understanding business ethics. An ethical issue is an particular problem‚ situation‚ or opportunity that requires a person or organization to choose from among several actions that may be evaluated as right or wrong‚ ethical or unethical (Ferrell). The best way to evaluate the ethics of a decision is to look at it from different viewpoints. Although many business issues seem straightforward and easy to resolve‚ often times
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Hyde v Wrench(1840) Hyde v Wrench [1840] EWHC Ch J90 is a leading English contract law case on the issue of counter-offers and their relation to initial offers. In it Lord Langdale ruled that any counter-offer cancels the original offer. Wrench offered to sell his farm in Luddenham to Hyde for £1000‚ an offer which Hyde declined. On 6 June 1840 Wrench wrote to Hyde’s agent offering to sell the farm for £1000‚ stating that it was the final offer and that he would not alter from it.[1] Hyde offered
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Paralegal Quoted the price of the fee to the client without getting authorization from the attorney to do so. The ABA Model rules that were violated were : ABA Model Rule 1.5(c)‚Transactions With Persons Other Than Clients Rule 4.1 Truthfulness In Statements To Others. The NFPA Ethical Considerations not followed by the paralegal were- EC-1.7(c) ‚ EC-1.2(f) and EC-1.8(a)-this was EC was violated by the paralegal giving the client advice regarding the alimony mentioned during the meet Carl had with
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Rice University Honest Othello: The Handkerchief Once More Author(s): Michael C. Andrews Source: Studies in English Literature‚ 1500-1900‚ Vol. 13‚ No. 2‚ Elizabethan and Jacobean Drama (Spring‚ 1973)‚ pp. 273-284 Published by: Rice University Stable URL: http://www.jstor.org/stable/449739 . Accessed: 18/07/2013 21:44 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a
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Academic Honesty Paper Edwin Pitti University of Phoenix – Axia College May 29‚ 2013 Benjamin Adams To be able to explain how to avoid plagiarism‚ first we have to understand that academic dishonesty is basically copying the works of others‚ making them as their own. It has been identified as a serious problem that many educational institutions‚ and have generated predictive models to prevent or identify
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The Impaired Employee and Liability Identify and explain at least three ethical considerations. I believe that the first ethical consideration is the fact that the potential employee was upfront in revealing that he had a degenerative progressive condition that could result in a disability. He did not have to bring this to our attention and his physicians are not even able to predict when the disabling condition will appear or if it will appear at all. The candidate was demonstrating his
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be caused by the loss of a family member‚ loss of a job‚ stress over finances‚ and problems at work. There are many other causes that can come up‚ but understanding the reason that you are experiencing insomnia can help determine what treatment is best for you. Mental illness can be another cause of insomnia and there can be chronic insomnia that runs in the family bloodline. Treating chronic insomnia is by far the most difficult to treat and often requires a combination of methods to make an impact
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Ethical Considerations for the Investigator and Prosecutor in Homicide and Rape The investigator and prosecutor play very critical roles‚ roles that are only fairly fulfilled if all parties are as ethical as possible. Failing to act ethically can lose a case‚ set a criminal free or could even mean someone innocent going to prison. While ethics in every single type of case are important we are going to examine homicide and rape. Both homicide and rape leave the public hungry for answers.
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