-Legally insane. -Under the influence. -Minors. -Age of majority. -Disaffirmance. -Agreements that minors cannot disaffirm from: -Employment. (year long work contract‚ etc.) -Professionals. (professional athletes‚ actors‚ singers‚ etc.) -Luxuries vs. Necessities. (you cannot disaffirm necessities‚ but you can for luxuries) -Emancipated Minors. -Military. -Student Loans. -Marriage. -Ratification: Once you reach majority age‚ you are bound to all the contacts you made as a minor
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1. Invested $70000 in business. 2. business purchased supplies and carpet the amount of supplies 500 and the amount of carpet was $50 paid in cash 3. The advertising of business on cash of 200 4. The business collected loan from bank of 8000 5. The business purchased truck of 9000 in cash 6. Business purchased 100 computer systems of 60000. The business pay 30000 in cash and the rest of amount will after 3 week 7. Business purchased supplies of $500 and write on note that will return after
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Question 1. [Section 126] stated that a company is allow to contract through an agent and a company will be bound by the acts of its agents in the same way as any other principal. An agent’s acts bind the company into a contract with an outsider when rules of agency law applied. In this case an agent’s apparent or ostensible authority arise. This authority arise because when the receptionist represents Harry out to Micky and Harry did not specify that he wasn’t the factory manager‚ given Micky
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The cons significantly outweigh the pros for getting into prostitution and one should think about them when making the decision to become a prostitute. Prostitution in itself is both morally and ethically wrong and there are many moral beliefs that can back this up. Regardless prostitution is ethically wrong because it is just the degrading of one’s body by offering it as a sexual service to others. In a Utilitarian point of view‚ prostitution can be either really morally right or not at all. A
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Tyranny of Majority Tyranny of Majority refers to the belief in which the majority of society or a group agrees upon an action which does not incisively mean that‚ that opinion is correct. I believe that this occurs more in a democratic government than anywhere else‚ we as a country elect our representatives to exercise their opinion or rule on what are best benefits for the majority of the country. The great issue about leaving the decision to the majority is that eventually it could fail by
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Issue Is there a valid contract between Khalid and Siti? Law and Application When Khalid is interested in buying Siti’s painting which she had named “Hawa”‚ Khalid met Siti and told her that he will pay her RM5‚000 for “Hawa”. This is an offer. Offer had be defined in S2(a) Contracts Act 1950 as “when one person signifies to another his willingness to do or to abstain from doing anything‚ with a view to obtaining the assent of that other to the act or abstinence‚ he is said to make a proposal”
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disadvantages to the business face when they try to behave in an ethical way? With the development of the global economy‚ business companies are facing many business challenges in the age full of competition. And business challenges will produce some different values‚ such as child labor‚ human rights‚ hours and wages and environmental laws (Luminita and Constantin‚2006). Therefore‚ business companies need to pay more attention to the business ethics. What is more‚ ethical business is study of
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Smith but it cannot be enforceable by law. 09. Yes‚ Leitner’s proposal was supported by consideration because he was promised to pay 3‚500 within next 5 years‚ but his son refused to pay the partners the amount agreed on. 10. When the common object of a contract can no longer be carried out‚ the court may declare the contract has been frustrated. There are some ways of frustration. The names are given below: I. Destruction of an object‚ II. Changes of law‚ III. Failure of pre-conditions IV
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I. What is Law A. Law 1. Set of Rules 2. Created by Government 3. Enforced by Government B. Jurisprudence 1. Philosophy of Law II. A. Law as Power 1. Under color of authority B. Legal Positivism 1. Law is what law says C. Legal Realism 1. Who is in position to enforce D. Natural Law 1. Humans have rights regardless of law III. Three Factors for Free Market System 1. Law 2. Rule of Law A. Law is generally and equally applicable to everyone B. System of published
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In the essay “The Tyranny of the Majority”‚ Lani Guinier expresses her concern that the will of the majority may trample the rights of the minority‚ which I completely agree with. Guinier speaks of the Golden Rule and the idea that if the Golden Rule is not applied‚ the majority will lack in recognizing‚ and taking in account the desires‚ let alone consider the ideas of the minority‚ representing how this is in no way a democratic process. The Golden Rule is simply stated as “Treat others as you
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