Payment‚ similar to consideration‚ is one of the four elements of a contract. Consideration is something of value in a contract or agreement between two parties. Both parties must be providing something of value to the other party. It is an act or promise to do (or not to do) something in return for value and the value given is enforceable. All the law need is ‘valuable consideration ’. For example‚ if Jack has offered to pay S$10 for a hammer worth S$100‚ that is considered valuable consideration
Premium Contract Contract law
American Intercontinental University BUSN310-10 Unit 3 Individual Project Deanna K. Wadley October 23‚ 2011 ABTRACT This paper will attempt to identify and explain the four elements of a valid contract‚ explain what the objective theory of contracts is and define and explain how the objective theory of contracts applies to the Unit 3 IP. This paper will also explain why I think the court held that there was not a valid contract in the scenario of the unit 3 IP as well as explain why advertisements
Premium Contract
LAW OF CONTRACT Thursday 9:00 Summer Term‚ 2014 Lecturer and Module Co-ordinator: John Halladay Texts: Poole‚ Textbook on Contract Law McKendrick‚ Contract Law Casebook: Both Poole and McKendrick have casebooks which are very good. There are also many others on the market. Statute book: There are not many statutes in the course but there are some and this will be useful for the exam. Any Contract or Commercial Law statute book should do. A. WHY CONTRACT? A
Premium Contract Contract law
THIS SHARE PURCHASE AGREEMENT is entered into on this [●] day of [March]‚ 2008 at [Mumbai / New Delhi] AMONGST 1) ______________ an individual‚ residing at _____________(hereinafter referred to as a “Seller No. 1” which expression shall‚ unless repugnant to the context thereof‚ means and includes his legal heirs‚ executors‚ administrators‚ and permitted assigns) of the FIRST PART; AND (2) _________ having its principal place of business at _______052‚ (hereinafter referred to as a
Premium Stock Sales Warranty
Contract is an agreement which can be enforced by law. It has been defined that a legally binding contracts need offer and acceptance in order to create a legal relation. Basically there is a need for a contract to be supported by consideration. In other words‚ in English law of contracts it is required that the parties bring something valuable in exchange for the promise that they have made in that agreement. Therefore a legal consideration converts a social agreement into a legal agreement. According
Premium Contract
to the development of children at an early age. When a child reads about despair and triumph over that despair they are gaining a personality trait. When children hear of a loved one passing away‚ you could share literature with them to show them how to express the feeling that they are having and also let them know that they are natural feelings. Maybe your child or student has a friend going through a rough time‚ you could have them read Patricia Polacco’s The Lemonade Club where a little girl
Premium Christopher Columbus Martin Luther King, Jr. American Civil War
IMPORTANCE OF INDEMNITY CONTRACTS INDEX S.No PARTICULARS PAGE.No 1. INTRODUCTION 5 2. ENFORCEMENT 8 3. INDEMNITY IN IPR 10 4. REASONS FOR NOT GIVING INDEMNITY IN IPR 12 5. FINDINGS 13 6. CONCLUSION 14 TITLE – IMPORTANCE OF INDEMNITY CONTRACTS OBJECTIVE- TO FIND OUT THE RELEVANCE OF INDEMNITY CONTRACTS IN INDIA AND OTHER COUNTRIES THROUGH PROPER ANALYSIS SCOPE – IT IS A DOCTRINAL RESEARCH INTRODUCTION The concept of indemnity is based on a contractual agreement made between two parties
Premium Contract Copyright Insurance
Contract Law Cases The Offer Meeting of minds: Clarke v Earl of Dunraven and Mount Earl: Yacht races. Letters sent in Communication (in writing‚ speech and conduct): Carlil v Carbolic Smoke Ball Co: pay back 100 if you get influenza. Deposit 1000 The Acceptance: Strictly in response to
Premium Contract
of the four phases of procurement as outlined in (PMBOK‚ 2008‚ p.313) Plan Procurements‚ Conduct Procurements‚ Administer Procurements and Close Procurements. Conduct Procurements‚ Phase two also relates to selecting a provider and awarding the contract. In order to select the provider a bid evaluation process is undertaken whereby cost‚ bidders’ reputation and standing may be taken into account together with a technical evaluation. Once the shipping agent has been chosen‚ the next phase of the
Premium Project management Procurement Tour de Georgia
Employment Agreement. This is a contract between Wolf Production Studios (hereinafter known as “Production Company”)‚ and Mr. Luka Johnston (hereinafter known as “Director”). 1. Object of the Agreement. 1.1 The production company will employ the Director for making the film “The Stranger” (hereinafter the “Film A”) in accordance with the terms and conditions agreed in this Employment Agreement (hereinafter the “Agreement”). 2. Liabilities and Obligations of the Director and the Production
Premium Contract Corporation Marketing