The Law of Contract Voidable Contract – Coercion The word “contract” can be defined as a voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. A contractual relationship is evidenced by an offer‚ acceptance of the offer‚ intention to create legal relations‚ consideration‚ certainty and capacity. However‚ while all parties may expect
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Business Law Assignment; Mistake in contract law‚ is a factual misunderstanding that may lead to a failure of a meeting of the minds. Unilateral mistake is mean that is only one party is mistaken‚ but the other party knows‚ or ought reasonably to be aware of the mistake. Contract may be void or voidable. Void is a contract that is no legal effect. While‚ voidable is an agreement that may be affirmed or rejected at the option of one of the party. The reason why Lord Denning took the view that these
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Formation of contract The green van Hubert’s initial e-mail is merely an invitation to treat‚ demonstrating only a willingness to negotiate rather than an intention to be bound by acceptance. The response from Philip to Hubert’s preliminary enquiry about the green van is‚ however‚ clearly an offer. There is intention to be bound by acceptance‚ demonstrated by the expression “when do you want it?”‚ combined with identification of the essential elements – the price (£30‚000) and the subjects (the
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Robot Domination Humans rely too much on robots. Robots should not act or think the same way humans do. Brian W. Aldiss‚ the author who wrote the story “Who Can Replace a Man?” demonstrates that without humans‚ the robots could take over the world. This short story takes place in a futuristic and inhumane setting where robots have full control over themselves‚ can walk‚ talk and work. The robots face the consequence of trying to overcome a problem on their own by achieving to fix o build some
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contract but do not appear to be a relevant issue here. While it is possible for offers to be "made to the world”1‚ K ’s advertisement is an "invitation to treat"2. It cannot be construed as an offer as it shows no intention on K ’s part to be bound to its terms‚ in contrast to the wording of the advertisement in Carlill v Carbolic Smoke Ba// Co3. Thus A ’s letter to K dated 21 April is the first possibility of an offer. However the terms of this letter are too vague to be construed as an offer
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An investment that is not one of the three traditional asset types (stocks‚ bonds and cash). Most alternative investment assets are held by institutional investors or accredited‚ high-net-worth individuals because of their complex nature‚ limited regulations and relative lack of liquidity. Alternative investments include hedge funds‚ managed futures‚ real estate‚ commodities and derivatives contracts. Definition of ’Hedge Fund’ An aggressively managed portfolio of investments that uses advanced
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No Win‚ No Fee: The Benefits of Conditional Agreements In the last decade that has been a huge decrease in the availability of legal aid to victims of personal injury who wish to claim compensation. In response to this there has been an increase in the amount of legal firms offering their services on a no win‚ no fee basis to ensure that every person who has been wronged has the ability to gain some sort of recompense for their suffering. Conditional Fee Agreements The Government endorses no win
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The Eden Alternative The Eden Alternative is a fascinating and relatively new philosophy that has had an enormous impact on nursing homes and long term care facilities across the country. Founded by Dr. William Thomas in 1991‚ the Eden Alternative has seen tremendous growth and expansion. Researching this topic I spent a lot of time on the Eden Alternative website reading about their philosophies‚ values‚ and principles. The Eden Alternative is a nonprofit organization that with the help of grants
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Contract Law LA4001 In order to able to outline the contract law on capacity in the light of this statement basically means how does the contract is being issued to the lay people who has no or little knowledge about law and how does it seek to protect the interests of those making the contracts. Contracts are of course not only made between individual
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Harry Braverman and the Working Class By Dr. Frank Elwell Rogers State University Note: This presentation is based on the theories of Harry Braverman. A more complete summary of his and other macro-social theories can be found in Macrosociology: The Study of Sociocultural Systems‚ by Frank W. Elwell. In Brief In 1974 Harry Braverman published Labor and Monopoly Capitalism‚ an analysis of the impact of capitalism on work in twentieth century America. Using the concepts and theories developed
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