the effect of adding the representation as a term to the contract. If the representation is found to be a term then the normal remedies for breach of contract apply. Criteria for Misrepresentation Misrepresentation is one of several vitiating factors that can affect the validity of a contract. A misrepresentation occurs when one party makes a false statement‚ inducing another party to contract. For an action to be successful‚ some criteria must
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Process Flowchart: 13 Raw Material Used: 14 Raw Material Procurement: 16 Raw Material Inventory: 16 Machines & Equipment: 16 Unit-01 17 Blowroom: 17 Bale Opener: 17 Precleaner: 17 Multimixer: 18 Fine cleaner: 18 Carding: 19 Drawing – 01: 21 Drawing – 02: 22 Simplex section: 23 Ring Section: 24 Winding section: 24 Assembly winding section: 25 TFO Section: 25 Heat setting machine: 26 Reeling section: 26 Bundling
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Assignment 1 Case Study: Contract and Sale of Goods Law Vinyl film is used to make commercial signage such as billboards‚ signage on vehicles‚ and traffic signs. There are two types of vinyl film: cast vinyl film and calendared vinyl film. Cast vinyl film is considered by the industry to be a premium product with excellent durability and conformability (ie ability to stretch over surfaces with corrugations or curves). It is used when the customer wants a paint-like finish that will last a long
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MGMT E-2000 Fall‚ 2012 Problem Set 1 (Due Tuesday‚ Sept. 25) (100 pts.) 1. (10 pts.) Explain the distinction between direct and indirect finance. 2. (10 pts.) Discuss the reasons for the decline we have witnessed over the past 30 years in the number of U.S. banks. 3. (30 pts.) Suppose the total amount of reserves in the economy is $5 billion‚ and the public does not directly hold any cash. Also‚ suppose all banks hold excess reserves equal to 4% of deposits
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ELECTRICAL MACHINE ON MOTOR | Abstract Electrical machine that converts mechanical energy to electrical energy‚ converts electrical energy to mechanical energy‚ or changes alternating current from one voltage level to a different voltage.There are several non traditional machines such as stepper motors‚ switched reluctance motors‚ permanent magnet dc machines‚ resolvers‚ linear induction machines etc. These machines are finding
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EAGLE MACHINE COMPANY The Eagle Machine Company has fallen on bad times. Eagle‚ a maker of specialty restaurant equipment‚ has sales totaling $72 million‚ but sales are declining while costs continue to increase. If things continue in this direction‚ Eagle soon may have to close its doors. At a special management meeting‚ the president lays it on the line! He demands that the firm break even in the remaining quarter of the year. For next year‚ he calls for profits of 5 percent‚ a 20 percent increase
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and scientists use scientific knowledge to design and build machines that make our lives easier. The machines they build today started off with the basics‚ which are known as Simple Machines. Simple Machines are defined as the simplest mechanisms that use mechanical advantage to multiply force. These machines have either few or no moving parts‚ and use energy to work. This term is usually referred to the six classical simple machines; lever‚ wheel and axle‚ pulley‚ inclined plane‚ a wedge and
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DEMAND AND SUPPLY FOR MONEY – MACROECONOMICS REPORT DEMAND FOR MONEY * What is Demand for Money? The demand for money represents the desire of households and businesses to hold assets in a form that can be easily exchanged for goods and services. Spendability‚ or liquidity‚ is the key aspect of money that distinguishes it from other types of assets. For this reason‚ the demand for money is sometimes called the demand for liquidity. * Many factors influence our total demand for money balances
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Demand for the lottery mainly increase due to higher overall expected return with very low investment. However‚ there are other main factors determining demand for lottery. These are 1. cost effective price 2. poverty rate 3. unemployment rate and 4. country’s developing stage. 1. Cost Effective Price : The price of the lottery ticket has been constant for years and it’s very low investment compare to the big return rate. The buyers’ non- financial opportunity costs are so low per purchase. The
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1. There are many examples of successful companies. To what extent is 3M justifiably highlighted as the ‘innovating machine’? Answer: This case study has highlighted some of the key activities and principles that contribute to 3M’s performance. Many of these are not new and are indeed used by other companies. However‚ in 3M’s case they may be summarized as an effective company culture that nurtures innovation and a range of management techniques and strategies that together have delivered long-term
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