contract on the basis of: o Misrepresentation by the estate agent representing the vendors. o Discovery of potential medium-density development of neighbouring property. • First defendant also seeking claim against former solicitor alleging a failure to advise on zoning matters • First defendant ISSUES • Whether the vendor actually authorised the selling agent to make false representation. • Whether misrepresentation caused the first defendant to enter
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Question 1 : Is there anything unique about L&H that made the company prone to engage in fraudulent accounting practices? The unique characteristics in L&H that made it prone to engage in fraudulent accounting practices were the rapid expansion and acquisition of companies beyond their boundaries‚ and the inability to oversee these operations. Another important factor that stands out is the lack of ethical values portrayed by the founders of L&H. The top management did not set code of ethics‚ but
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with someone of diminished capacity or for illegal purposes‚ a contract can be unenforceable. Some other examples of potential defenses to enforcement of a contract are mutual or unilateral mistake‚ duress or undue influence‚ unconscionability‚ misrepresentation or fraud‚ impossibility or impracticability‚ and frustration of purpose. Mutual or Unilateral Mistake There are two types of mistakes in contract law: mutual mistake and unilateral mistake. When there is mutual mistake‚ both parties have made
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MGMT3046 Company Law: Course Wrap Up November 2012 We have come to the end of formal instruction in Company Law‚ so it is useful at this point to review the main learnings from the course. This will be somewhat long! Unit1 Salomon v Salomon and the corporate veil. This is a foundational case in company law which enunciated the principle of the separateness of company and its members (shareholders and officers). The principle makes it quite clear that the separation of the company from its members
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------------------------------------------------- Question 1 1. ------------------------------------------------- ------------------------------------------------- An oral agreement to hire a person for two years is not enforceable. ------------------------------------------------- Answer True False 2 points ------------------------------------------------- Question 2 1. ------------------------------------------------- -------------------------------------------------
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THE INDIAN CONTTRACT ACT‚ 1872 The Law of contract is that branch of Law‚ which determines the circumstances in which promises made by parties to contract shall be legally binding on them. Every one of us enters into a number of contracts from morning until night. Examples: 1) Buying Milk early in the morning. 2) Boarding BEST Bus 3) Borrowing Money from Friend 4) To see movie. 5) Purchasing goods from shops. This how we enter into contracts though we are not conscious
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items. He also testified that Scrushy received millions of dollars in bonuses for meeting financial targets in Healthsouth’s business plan. Bavis was able to prove beyond a reasonable doubt that Scrushy met these lofty quotas only because of the fraudulent numbers
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underhand means such as bribing‚ coercion. The use of corruption to make various day to day activities easy for the company which involves spending investor money illegally is a very commonly seen mechanism. On a daily basis news relating to such fraudulent activities is noticed. The main sources through which such frauds are committed are Management Overriding Controls and Tampering with Financial Statements. Some scams such as Enron of USA and Satyam scam of India have come in the picture and shattered
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Written Analysis – Chapters 1 & 2 Christopher Citarella Northwood University MGT4800—Strategic Planning Dr. Kelly Bruning Sunday‚ July 19‚ 2015 Chapter 1 Application Questions Exercises: 1. Go to the Internet and look up one of these company sites: www.walmart.com‚ www.ge.com‚ or www.fordmotor.com. What are some of the key events that would represent the “romantic” perspective of leadership? What are some of the key events that depict the “external control” perspective of leadership
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The beginning stage for any thought of the position of minority shareholders is the principle in Foss v Harbottle. This principle‚ which has two strands‚ blocks a shareholder from conveying an activity to seek after wrongs which have been done to the organization. In the first place‚ the executives have been named to deal with the organization’s undertakings and they owe their obligations to the organization; any misfeasance‚ allotment of corporate property or break of obligation on their part is
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