whether a valid contract was formed and who it was formed with. As Rick’s girlfriend didn’t buy the laptop and is under the age of 18 she wouldn’t be able to return the laptop as there has been no contract formed with her. However we can assume that her boyfriend is over the age of 18 and as he bought the laptop this means the contract was formed with Rick instead of Rick’s girlfriend. The type of contract that was formed with Rick was a standard form contract this is a type of a contract is a legally
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Executive Summary There are different types of contracts bilateral‚ unilateral‚ expressed and implied-in-fact. What are the four elements of a valid contract? These elements required for a valid contract consists of; a meeting of the minds between the parties‚ consideration‚ an agreement to enter into the contract and legal competence of each party. (Allbusiness.com‚ 2007) A meeting of the minds between the parties is where both parties agree on what is being sold‚ purchased or traded. Consideration
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One of the elements constituting a valid contract is that the parties entering the contract are those who have the competency to contract. This is based on section 10 (1) of the Contract Act 1950 which states: “All agreements are contracted if they are made by the free consent of parties competent to contact‚ for a lawful consideration and with a lawful object‚ and are not hereby expressly declared to be void.” Competency refers to the capacity of being an adult‚ having a sound mind and not forbidden
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RESEARCH PAPER CHAPTER 1 Group 1: Cordillon‚ Katherine Odasco‚ Ma. Raean Dagohoy‚ Jordan Velasquez‚ James Introduction Before technology was developed‚ people used to do manual ways in doing tasks. Examples of these manual tasks are communication to another person‚ transportation‚ searching for information‚ and searching for job offers‚ monitoring sales and importing products. In terms of business and entrepreneurships‚ technology is now a “must” because of the wide competition happening
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INTRODUCTION Transportation in Malaysia started to develop during British colonial rule‚ and the country’s transport network is now diverse and developed. International air transportations are so much popular and important in modern business. Nowdays‚ it is impossible to imagine prosperous business without aircraft. Large corporations have already outgrown country borders where they have been created‚ everywhere there is international cooperation International air cargoes
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WEEK 3 – THE FORMATION OF CONTRACTS Apply Your Knowledge (EXERCISE 4 – CONTRACT OR NOT?) Review the essential elements of a valid and enforceable contract and decide whether a valid‚ void or voidable contract has been formed in each of the following situations. Provide a legal explanation for your decision. 1. Last year‚ Smith‚ the owner of a retail business‚ in an attempt to reduce employee absenteeism due to illness‚ offered to give any employee who quit smoking for a year a $500
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INTRODUCTION Pollution is the introduction of contaminants into the natural environment that cause adverse change.[1] Pollution can take the form of chemical substances or energy‚ such as noise‚ heat or light. Pollutants‚ the components of pollution‚ can be either foreign substances/energies or naturally occurring contaminants. Pollution is often classed as point source or nonpoint source pollution. Pollution control Pollution control is a term used in environmental management. It means the
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Introduction Samsung was founded in 1938 in Korea by Byung Chull Lee with the equivalent of about 20 Euros as a small trading company‚ supplying rice and agricultural commodities to neighbour countries. Today Samsung is composed of 38 businesses including electronics‚ chemicals‚ machinery‚ construction‚ textiles‚ entertainment‚ financial services‚ insurance etc. with 423 offices and facilities in 70 countries. The Samsung Group is South Korea’s largest company or chaebol and the world’s second largest
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1.1 INTRODUCTION At the present time‚ education is a very important and necessary thing. Most people make an effort to gain high education in order to get good chances and have a better life. Some people prefer to continue their studies locally‚ while many others choose to study abroad. There is no wrong choices. Study local or abroad‚ both have its own advantages and disadvantages. It has becomes a popular trend among the community to send their children to study overseas as for them our local universities
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Introduction In any business there are Leaders‚ and Managers. Leaders and managers are close in relation. However‚ they are different and not everyone is both a leader and a manager. Most people can either be one or the other. With that said‚ I will talk about the difference between a leader and a manager. I will also give my preference on whether I would want to be a great leader or a great manager. Then I will discuss evidence to support my choice of either a great leader or a great manager.
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