requirements for a valid contract. A contract is an exchange of promises between two or more parties to do or refrain from doing an act which is enforceable in a court of law. www.wikipedi.org A contract is a binding agreement between two or more people stating to do something or refrain from doing something. Not all agreements are classified as contracts. A contract is known as an acceptance or offer enforced by law between two or more people. When creating a contract all people or parties
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DISCHARGE Written by Mardi Szantyr Discharge of a contract refers to the way in which it comes to an end. Contracts can come to an end in the following ways: 1. by performance 2. by agreement 3. by frustration 4. by breach Each one of these methods of discharge will be considered. Discharge by performance The contract comes to an end when both parties perform their contractual obligations. Performance must substantially correspond with what the parties agreed allowing for minor
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LAW OF CONTRACT NOTES INTRODUCTION. A contract is an agreement between two parties which is enforceable by law.An agreement is made when a person signifies his willingness to do or to abstain from doing anything with a view of obtaining the assent of the other party. Such act or abstinence is said to make a proposal.The person making the proposal is called the offeror and the person accepting the proposal is called the offeree TYPES OF CONTRACTS: Contracts may be classified into: -Written
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4. NOTES 4.1. THE ESSENTIALS OF A VALID CONTRACT A. ESSENTIAL No 1 The Parties Must Act Within Their Contractual Capacity What is contractual capacity? We view it in relation to the concepts of personality and legal status: PERSONALITY – determines that you are a legal entity or persona. As a result of this personality you acquire legal status ie your legal status defines that legal personality further. STATUS then describes your legal “condition” eg a married woman‚ A public
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from quiet eruptions of fluid lava followed by explosive eruptions of viscous lava. How is Magma turned into Lava? Extremely high temperature and pressure cause the rock to melt and become liquid rock or magma. When a large body of magma has formed‚ it rises through the denser rock layers toward Earth’s surface. Magma that has reached the surface is called lava. How are volcanoes formed? Volcanoes are formed when magma seeps through cracks in the earth’s crust‚ and slowly builds up into a cone
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Chapter 1 INTRODUCTION Objectives of Report * To get an idea about the law structure of Sri Lanka * To study about contract law * To get an idea about the low governing offerer and acceptance in Sri Lankan Law. Methodology * Library and Internet research Colonial History and the Law Sri Lanka‚ formally known as Ceylon‚ is a multi-ethnic and multi-religion island nation in the Indian Ocean‚ near the southern coast of India. The ethnic and religious diversity of the nation‚ and
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1. Introduction – What is a Contract? 1.1 Definitions Not all agreements will be contract enforceable in law - social arrangements‚ for example‚ or contracts which offend against public decency and public policy and those which involve criminal activity. ‘A contract is an agreement giving rise to obligations which are enforced or recognised by law. The factor which distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting parties.’ Treitel
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of the report is to discuss the theory of psychological contracts in organizational employment and to see its evolution by discussing various theories of different authors‚ its present form‚ issues related to it and its importance in training and apprenticeship programs. This report basically discusses both the theoretical and practical aspects of psychological contract. This report shows how that how the concept of psychological contract has evolved and what different authors have said about this
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➢ Christianity: a story-formed community Like the rabbits in Watership Down‚ Christian communities are “story-formed communities” because Christians are people who have been and are being formed by the stories of the Scriptures that culminate in the story of Jesus ➢ Scripture: a community-formed text The converse is also true: the Scriptures are “community formed texts.” The Scriptures were formed out of communal experiences of God that were “handed over” (traditio) from one generation
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for the purpose of promoting the well-being of the community. In other words‚ it is a division of law which seeks to prevent man from penalties by meddling with their manners of behavior and urging them to follow its commands. This law is actually formed only to attend and address arising disturbances of society and of government to which the public agencies and also the law cannot readily handle. Thus‚ administrative law was the vivid solution. Administrative agency is a body vested with two major
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