By use of examples‚ explain how an agreement recognized by the law of contract Law of contract is body of legal rules governing the conclusion and consequences of contract. Contract is an agreement based on consensus between legal subjects with contractual capacity. Which is legal‚ physically possible and complies with the prescribed formalities and which is reached with the intension of creating a legal obligation with resultant rights and duties? 1. Consideration It’s the price paid by
Premium Contract Law Gentlemen's agreement
by an examiner as an example of a very good answer. However‚ please note that this is just one example out of many possible approaches. Dear Mr Smith‚ I am your tenant from Flat 3 on Riverside Street. We met each other when I signed the rental agreement in your office. I have lived here for 6 months now and I am writing to complain about some of the furniture. As you may remember‚ the dining table is in very poor condition and has uneven legs. It also does not match the dining chairs as these are
Premium Renting Rental agreement Apartment
(Smyth‚ 2007) When one thinks of specifications in a contract‚ they think that the contract’s conditions are final in terms of the employees’ actions in the future. However‚ this is false. There are three clauses: the restraint of trade agreement‚ the non-competition clause and the restrictive covenant. (Ball‚ 2008) The purpose of these clauses is to restrict employees from being able to work for a company in the same industry as their employer. It is important that employers be aware that
Premium Contract Contract law
Section one E1 * RIDDOR 1995 * The Health and Safety at Work Act 1974 * COSHH 2002 D1 RIDDOR 1995 The Reporting of Injuries‚ Diseases and Dangerous Occurrences Regulations concerns the reporting of accidents and incidents that occur on employers’ premises‚ including early years and other settings. The following must be reported to the relevant health and safety person: * Death or major injury to an employee or member of the public * An over 3 day injury‚ i.e. an injury which
Premium The Child Child Kinesthetic learning
MANAGING ACROSS CULTURES IN A BIG FOUR CONSULTING FIRM Peter Massingham University of Wollongong Abstract This case examines how a big four consulting firm reviewed the performance of two of its Asian practices. It explores how the review was conducted‚ the findings‚ and how the outcomes were communicated. It reveals the challenges faced by Western managers in telling Eastern managers they need to improve their performance. The case is about cross cultural management and organisational structure
Premium Management Marketing Strategic management
IN THE HIGH COURT OF DELHI Suit No. 788 of 1990 Decided On: 20.02.1994 Appellants: P.S. Bedi Vs. Respondent: The Project & Equipment Corporation of India Ltd. Hon ’ble Judges: P.N. Nag‚ J. Counsels: A.S. Chadha and Bharat Deepak‚ Advs Subject: Tenancy Subject: Law of Evidence Acts/Rules/Orders: Transfer of Property Act‚ 1882 - Section 106 Cases Referred: L. Bhagwan Das v. Union of India‚ AIR 61 J&K 39; Bakshi Sachdev v. Concord‚ 1993 RLR 563; Shyam Chran v. Sheoji Bhai‚ AIR
Premium Renting Landlord Lease
same as the capacity of his/her principal. The express actual authority of an agent means that an agent has been told orally or in written form by the principal to act on his behalf. Hence‚ the agent’s authority may be restricted by the terms of agreement known as power of attorney. However‚ if the principal has given a vague or ambiguous express authority to the agent‚ then any act that can be imputed to any of the possible meanings of the authority will be considered as proper authorisation as long
Premium Contract Contract law Common law
1.1 Describe the purpose of meetings Meetings have many purposes for why the take place‚ they are an initial way of communicating information with the full team all in one place. They have main functions and structures to why the meetings take place. One purpose of the meeting is to inform other team members of relevant projects and programmes that have been running and the outcome of what they are. Also to inform the meeting of any new developments that may have come up since the last meeting
Premium Contract Gentlemen's agreement
In the 1930s‚ appeasement was widely used by Britain and France to satisfy Germany’s demands by negotiation and compromises to prevent war. However‚ this method was clearly ineffective due to Hitler’s already existing determination to achieve a greater Germany. This determination caused Hitler to act aggressively in his attacks in order to succeed in his aims which led to the failure of Britain and France’s attempt of negotiation. Hitler was also hard to appease and made unreasonable demands which
Premium Nazi Germany World War II Adolf Hitler
The RBA’s Market Operations: The RBA’s market operations are very important because it is how the bank influences not only economic activity but also inflation. (RBA 2007‚ Central Bank Market Operations‚ pp.19) Market operations are used to implement monetary policy‚ which involves dealing in markets to influence the interest rate on overnight funds in the money market. A target cash rate is set by the RBA for a period which in effect determines the interest rate that ADI’s charge on loans. Once
Premium Money Supply and demand Monetary policy