contract law applicable would be whether the offer and acceptance was put into a legally binding agreement. The offer of rewards given to the clerk from IRAS greatly depends on the usefulness of the information from the clerk to retrieve successfully the total amount of tax evaded by Evander. Firstly‚ to describe the contract‚ an offer is a definite intention by the offeror to enter into a legally binding agreement‚ be it a specific person‚ a group of people or the world at large‚ on the offeror’s terms
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Business Law “To create a binding agreement the acceptance must occur‚ and that ‘acceptance’ must be final and absolutely unconditional. This is clear under Australian Contract Law.” As a legacy of being a British colony‚ Australian Law has been very much guided by legislation and case law from England for over two centuries. Even though a number of Acts were passed in the British Parliament gradually enabling the Australian States‚ and from 1901 the Commonwealth‚ to enact their own legislation
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Tameeka Brown Hartly and The Auto Dealer Southern New Hampshire University October 20‚ 2013 Hartly & The Auto Dealer What do you think about this situation? Should parties to a sales contract be able to rescind a contract because of mutual mistake of fact? Why or why not? Did either party act unethically in this case? Why or why not? What application does the UCC have here? Finally‚ in the overall context of contract law‚ are there any winners or losers when a contract is rescinded
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Entering and contracting Entering and contracting are the initial steps taken in the OD process‚ and is considered by many as one the most important steps of the process. The entering and contracting step will be utilized to set the pace and lay the foundation for the practitioner client relationship. They involve a preliminary evaluation of the organization’s opportunities for development‚ while establishing a collaborative relationship between the OD practitioner and the members of the client
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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
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Legal Intent A. DOMESTIC / SOCIAL AGREEMENTS: PRESUMPTION: THAT THE PARTIES DID NOT INTEND TO CREATE A LEGALLY ENFORCEABLE AGREEMENT - Domestic assumption applies in these circumstances: 1. HUSBAND and WIFE -- a) If living together in harmony at the time agreement made = Social presumption applied (Balfour v Balfour) [holiday - money agreement - later separated] BUT b) If separated at time agreement made = Social presumption rebutted [particularly
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The Importance of Having a Budget Having a budget is not a choice but a necessity. It is important for everyone to have a budget in order to balance the amount of income with expenditure. Having a budget can help us plan our finances. With a financial plan‚ we will know where the money we have goes to. It is essential for us to be able to take control over our money and not have our money control us. Therefore‚ we must be able to decide how we should spend and save our money no matter how much
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LESSONS FROM A TEAM The importance of team in today’s world cannot be emphasized enough. It is very important to be a team player. In every aspect of life‚ be it personal and professional it is all about playing in a team. Everyone in their life‚ at least once says - I have a team that sucks !!! That means 1). either your team does no do too much and you’re the one they are piggy-backing on. or 2). you’re the odd-one out in the team‚ disliked by the rest. it better not be the latter or
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problems‚ it is necessary that students develop the habit of eating breakfast daily. Rather than forcing children to eat breakfast‚ it is better if we make them understand the importance of breakfast for students and the ways it will benefit them. Importance of Breakfast for Students The exact meaning and importance of breakfast lies in the word itself. By eating breakfast‚ we are actually breaking the fast or long gap after dinner‚ the previous night. By the time we wake up in the morning
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Running Head: Ethics and Contracting Ethics and Contracts Strayer University October 23‚ 2011 Abstract The question‚ “Does Business and Ethics Still Exist?” has generally caused honest business owners and also government agencies to ponder this notion. Even though the Federal Acquisition Regulation (FAR) is established in order to prevent unethical practices by contractors and government agencies failing to abide by this regulation‚ does not mean everyone it pertains
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