CAUSES OF EXTINGUISHMENT OF OBLIGATION 1. Payment or performance 2. Loss of the thing due 3. Condonation or remission of the debt 4. Confusion or merger of rights of creditor and debtor 5. Compensation 6. Novation I - PAYMENT OR PERFORMANCE PAYMENT means not only the delivery of money but also the performance‚ in any other manner of an obligation. How must the payment be made? 1. There must be delivery of the thing or rendition of the service that was contemplated. a. The debtor of a thing cannot
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Contract Law Essay Introduction The case‚ as set out‚ concerns two companies‚ Smart Co (hereinafter S Co) and Bright Co (hereinafter B Co). S Co needs to be advised as to whether it can claim compensation under the breach of the contract‚ which can exceed the 50£ limitation‚ which limitation is included in the contract under a clause. In simple words the validity and therefore the effectiveness of the limitation clause is to be considered under the Unfair Contract Terms Act 1977 . For the
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frustration in contract law can be a difficult precedent to establish. Not to be confused with a contractual mistake‚ frustration occurs when performance is made impossible or is fundamentally changed. Generally‚ when frustration occurs the party suffering loss is established on whom ever provided services before the frustrating event‚ or to the party having already paid a deposit or owing money before frustration date. Self-induced frustration on the other hand is considered a breach of contract (Yates
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Judicial Discretion Judicial discretion refers to the authority that judges have for making and interpreting certain laws. Within the United States‚ judicial discretion is one of the fundamental tenants of the system of law‚ and is guaranteed in the United States Constitution. Both state and federal judges can exercise judicial discretion‚ although their discretion is not unlimited. This study focuses on a series of legal‚ extralegal‚ and systemic variables presumed to affect the workings of criminal-justice
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the law that governs the society has to evolve as a result. This is to ensure that justice is served with effectiveness and fairness. Henceforth‚ judges play an important role towards this development of the legal system to a certain extent‚ through their decisions made within the parameters of certain doctrines that provide consistency and guidance (Lewis‚ 2012). Two such doctrines are the judicial precedent and the statutory interpretation. The judicial precedent is a major source of law that
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was established following the case of Partridge v Crittenden. If Celia’s advertisement was an offer‚ she would be contractually obliged to sell her goods to every customer even if there is no continuity of stock. Hence‚ she is liable for breach of contract if there were more acceptances than she can satisfy as only 5 handbags are up for sale. Furthermore‚ the advertisement does not include further details on the bags and leaves room for negotiation. It states that it is suitable for all tastes and
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Strengths: * Omore have positioned itself as “more for less” and they have captured a considerable share in markets where they are serving. * They have promoted themselves as full of happiness and art‚ attracting a huge chunk of audience. * They offered 24 different packs and 3 flavor which are not offered by anyone else in the market. * It is among the few brands in the country to manufacture dairy products. * They have divided their products according to their target market
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There are four main elements that must be in a contract to deem it valid. The first of which is an offer. The offer is the initial start to any interaction from one or more parties intending to enter into a contract. An offer is defined as‚ the price at which an individual is willing to sell a security or commodity. This is the opposite of bid‚ which is the price at which an individual is willing to buy a security. An offer is the same as an Ask. The person to make the offer or have something
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loudpacks For over a decade patients and distributors of medical marijuana have battled the federal government for their right to use marijuana for its medicinal qualities. Although marijuana use is against federal law‚ medical marijuana has been permitted in sixteen states by a majority vote. The conflict between state and federal law has ignited a large conflict regarding medical marijuana and has resulted in the prosecution of many who use and distribute medical marijuana. Supporters of medical
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Our American judiciary branch of the federal government has contributed and molded our American beliefs in this great nation. This branch of government is respected because of the code of conduct that the judges‚ no matter how conservative or liberal. The language of the court as well as the uniform of the cloaks that judges wear has most probably contributed towards this widespread respect. Throughout the history of the United States‚ I noticed a pattern of “cause and effect” that our judiciary
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