Business Law 1 Mid Term Teshvinder Singh Chopra SEGi University College: American Degree Program 2 July 2010 Accordingly‚ as with the situation‚ Tim has sustained injuries from the incident. The person at fault for Tim ’s condition is surely Danny‚ as he had parked his car illegally‚ which definitely breaking the rules‚ and he as well forgotten to engage the parking brake. This caused the car to roll back and eventually hits an electric wire and the sparks from the ignition of the electric
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3. Contract Law “Is My Agreement an Enforceable Contract?” The Law of Contract involves answering 4 questions: (1) Is my agreement an enforceable contract? Are all of the elements of a contract present. (2) If so‚ what does it require me (and the other party) to do? - What “promises” have become terms of the contract. (3) Can I get out of it (without paying some form of penalty)? - Was the formation of the contract defective in some way (ie were there any ‘vitiating elements’ present)
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Genuine Assent Are you for real? -Valid‚ void‚ voidable. -Valid: perfectly fine contract. -Void: contract cannot be used. -Voidable: a party of the contract has the right to declare it void. -Unilateral Mistake: mistake by one party‚ has no effect on the contract. Contract must be followed‚ even with mistakes. Valid contract. -Mutual Mistake: mistake made by both parties. Causes agreements to be void. -Existence of subject matter. -Nature of the agreement. (For some really good
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Business Law I January 31‚ 2013 Corporate Structure Assessments Part A: A sole proprietorship is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. The IRS does not consider the sole proprietorship as a separate business entity. The owner reports
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unlike any other known competitors. The business is currently experiencing legal issues and is in need of updating its policies and practices; the café has recently joined the small business federation and have been assigned with legal advisory for best practices on contractual and consumer matters. The Games Cafe needs to improve on how it regulates business operations by adapting suitable policies and practices in order to legally protect the business and help it to operate more effectively
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when entering one. The following will give an understanding of these and explain their importance. Capacity There are four essential elements that affect contract law. The first of these is capacity. This element states that parties in agreement with a contract must have the legal capacity to enter into that contract. There are factors that affect the capacity of a party that either does not give them capacity or limits it. These factors are: Under 16 – Anyone under 16 does not have the capacity
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regulating the conduct of citizens and private organisations. The executive’s main function is to carry out the law. It initiates legislation‚ maintains order‚ promotes social and economic welfare‚ administrates public services and conducts external relations of the state among other things. The primary judicial function is to determine disputed questions of fact and law in accordance with the law laid down by the legislature. The concept of “separation” may mean at least three different things: (i)
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BUSM 4176 Introduction to Management Semester 1‚ 2013 Assessment Task 2: Critical Essay Topic: What are the features of scientific management and how has it developed over the years? How has this affected the way businesses are run today? Frederick Winslow Taylor (1856 – 1915) was an American engineer who developed the scientific management theory in the early 20th century which was aimed at maximizing efficiency and production in work organizations‚ especially in regards to labour productivity
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(ENG) Corporate and Business Law Class Notes June 2012 © Debbie Crossman‚ January 2012 All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise‚ without the prior written permission of Debbie Crossman. 2 www.studyinteractive.org Contents PAGE INTRODUCTION TO THE PAPER CHAPTER 1: ENGLISH LEGAL SYSTEM CHAPTER 2: LAW OF CONTRACT – FORMATION
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Place as a way of thinking about business organisations and their environments What are food miles? - http://web.archive.org/web/20080307061635/http://www.bbc.co.uk/food/food_matters/foodmiles.shtml Thanks in part to concerns about climate change‚ more people are stopping to consider the impact that everyday goods - including food - have on the environment. Food miles‚ the distance food travels from field to plate‚ is a way of indicating the environmental impact of the food we eat. Half the vegetables
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