Understanding the concept of contract is the important thing in answering this question.” A contract may be defined as an agreement between two or more parties that is intended to be legally binding”. This answer will highlight the main points to see the differences between an offer and an invitation to treat.” An offer may be defined as a statement of willingness to contract on specified terms made with the intention that‚ if accepted there will arise a binding contract”. On the other side‚ invitation
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Contract law serves as your protection in every legal agreement you make in life. Contract law makes these agreements "enforceable"‚ which usually means that it gives the party the power to compensate and obtain money damages caused by the other party due to a breach of contract. The contract itself creates an obligation or duties to do and rules to follow by both parties if either of the party fails to follow the agreement‚ remedies can be provided by law if the contract is legal and has the essential
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he sent Bob an offer to lease Oceanhaven for the season. Was there an indirect revocation of the offer on February 4th? The knowledge by an offeree from a reliable source that offeror can not perform. It requires acts inconsistent with the contract. The facts assert that Bob learned about Oceanhaven no longer being available on February 4th. Further‚ Bob heard this information from his real estate agent. Since his real estate agent is probably in the business of knowing what properties are
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and sales department. Being an agent for Star Boat‚ Tom frequently concluded contracts with a number of suppliers for acquiring certain parts to manufacture boats. Smooth Sailing was one of the suppliers. Tom resigned from Star Boat in July 2012 upon being offered a better position in Star Ferry. However‚ he acquired 4‚000 parts from Smooth Sailing in August and manager of Smooth Sailing did not notice that in the contract Tom indicated his signature as “manager‚ Star Ferry” and thought they were
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Foreign Language High School Requirement A survey done by the Center for Applied Linguistics in 2008 found that "The findings indicate a serious disconnect between the national call to educate world citizens with high-level language skills and the current state of foreign language instruction in schools across the country"(Cal:Research). This is concerning as all of the competition for the U.S. is gaining a step and we ’re doing nothing . If the U.S. expects to continue to be competitive in the
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who are randomly selected to hear both criminal and civil court cases using the electoral voting register. They usually hear the majority of criminal cases. They have no knowledge or legal qualifications of the law‚ however there are some formal requirements needed to become a lay person. Lay magistrates and juries are required to; • Be between the ages of 18 to 65‚ • Have no criminal records • Not be a member of the armed forces. • be on the electoral roll (registered to vote) • Have lived in
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Islamic Contract Law TYPES OF COMMITMENTS 1. Wa‘d – • • • – وunilateral promise One party binds itself to perform a function for another Does not normally create legal obligation Legal obligation is created: • • Genuine need of the masses – (ر Contingent promise ا س )رد ا ز ن ز ا إذ ا 2. Muwaa‘ada – ا ة • • • • – bilateral promise Two parties performing two unilateral promises on the same subject Use of two unilateral promises can lead to a forward contract‚ which
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Let’s begin with the difference between leader’s and managers. Difference between a Leader and a Manager Leader: “Leadership is the art of leading others to deliberately create a result that wouldn’t have happened otherwise” (SIYLI‚ 2013). There are four key elements to being a leader. The first is the leader‚ second is the tasks‚ third is others‚ and the last element is the organization. There are many characteristics a leader brings to the table such as their skills‚ values‚ goals‚ and education
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FACTS: SS/Alicante‚ belonging to Compania Transatlantica de Barcelona was transporting two locomotive boilers for the Manila Railroad Company. The equipment of the ship for discharging the heavy cargo was not strong enough to handle the boilers. Compania Transatlantica contracted the services of Atlantic gulf and Pacific Co.‚ which had the best equipment to lift the boilers out of the ship’s hold. When Alicante arrived in Manila‚ Atlantic company sent out its floating crane under the
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self-review‚ advocacy‚ familiarity and intimidation. Finally‚ I have learned the framework that provides guidance to identify‚ evaluate and respond to threats to compliance with the fundamental principles. The application of framework consists of four steps: - • Firstly to identify the real issue‚ • Secondly to determine if any of the fundamental principles are threatened‚ • Thirdly to determine if the threats are significant and • Finally we need to see if safeguards can be put in place
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