Agreement is an important aspect in the formation of a contract. A contract is a legally binding agreement between 2 parties. A contractual agreement is said to exist when a valid offer is followed by a valid acceptance. • Sometimes people will negotiate to try to gain something different from what is first offered. This may make it difficult to know exactly when a contract is formed and when legal obligations begin. Components necessary for contract formation • 1. An OFFER- a promise to be bound
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“An agreement made without consideration is void. “With reference to provisions of the Indian Contract Act‚ 1872 examine the validity of the statement and explain the cases in which the statement does not apply. (November 2005) Answer Validity of an Agreement without consideration: The general rule is that an agreement made without consideration is void (Section 25). In every valid contract consideration is very important. A contract may only be enforceable when an adequate consideration is
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Point Loma’s community living agreement sets forth the guidelines by which students must abide. It sets tough expectations for those attending and applying because as college students‚ it is very easy to get caught off guard and because of the freedom that comes with a college experience‚ it can sometimes be difficult to always do what is right. When entering into agreement with Point Loma‚ students promise to be integral people; it poses a challenge because as a young people we are still learning
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need to plan necessary and sufficient capacity to meet market demands. However‚ capacity planning is a very challenging task for many manufacturers. In Bangladesh now as well as the other industries ceramic industries need to compete to make better place in the market. Understanding and then building the infrastructure that provides the needed flexibility and speed requires an in-depth understanding of how capacity impacts your business. The impact of capacity management is felt throughout the organization
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CAPACITY PLANNING Capacity planning: Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products.[1] In the context of capacity planning‚ "design capacity" is the maximum amount of work that an organization is capable of completing in a given period‚ "effective capacity" is the maximum amount of work that an organization is capable of completing in a given period due to constraints such as quality problems‚ delays‚
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High-Tech Government Contracting Terri Guillory Strayer University Dr. Calvin Lathan III BUS319007VA016-1126-001 September 16‚ 2012 FedBizOpps FedBizOpps‚ or FBO‚ is the Federal government’s web site that posts all Federal procurement opportunities over opportunities with a value over $25‚000. It can be thought of as the U.S. Government’s proposal central‚ or better yet‚ a request for proposal (RFP) central (“TurboGSA/What is a FedBizOpps/What is FedBizOpps?‚” n.d.‚ para. 1). Top Three
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INTRODUCTION: Capacity building and Community Development models to formulate programs and projects that is not only sustainable but can also benefit the community in the long term with self-reliance and make a positive difference in community. There are different social and political ideologies and perspectives of community development‚ these ideologies and perspectives make different assumptions of how society functions and the need and level of interventions in the society (Ife‚ 1995‚ p 119)
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ca CAPACITY AND DEMAND MANAGEMENT Capacity can be defined as ‘the maximum level of value added activity over a period of time that the service process can achieve under normal operating conditions’. (Johnston and Clark‚ 2001) The essential task of capacity management is to look at the current performance of a service identify any bottle necks‚ understand the workload places on it and the underlying business drivers that may affects future traffic. The next task is to access the workload growth
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The primary function of congress is to pass laws that all Americans must comply‚ a capacity called lawmaking. Congress bargains in an immense scope of matters‚ from managing TV to passing a government spending plan to voting on firearm control. A hefty portion of the bills considered by congress begins with the official branch‚ yet no one but congress can make laws. Parties intrigue gatherings‚ and constituents all impact individuals from congress in their voting decisions‚ and individuals additionally
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A contract is a legally binding agreement or relationship that exists between two or more parties to do or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must backed acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and should be
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