FORM OF CONTRACT (Arts 1356-1358) 1. What is the form of a contract in order that it will of obligatory force? (Art. 1356‚ CC) GENERAL RULE: Whatever may be the form in which a contract may have been entered into‚ the general rule to 1356 of the Civil Code‚ is that it shall be obligatory provided all of the essential requisites for its validity are present. EXCEPTIONS: 1) When the law requires that the contract must be in a certain form in order to be valid; and 2) When the law requires that the
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Introduction I totally agree of B.L. Cheung statement which he point out that the Hong Kong reforms were not motivated by the standard global claims about suppressing big government‚ improving efficiency or coping with fiscal crisis; they have been more linked to macro-political changes in the territory’s transition towards 1997 when a changeover in sovereign control. However‚ I will to compare of the others authors included Eliza Lee and Donald Tsang who show that the slow economic and financial
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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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A standard form contract (sometimes referred to as an adhesion contract or boilerplate contract) is a contract between two parties that does not allow for negotiation‚ i.e. take it or leave it. It is often a contract that is entered into between unequal bargaining partners‚ such as when an individual customer is given a contract by the salesperson of a multinational corporation. The customer is in no position to renegotiate the standard terms of the contract and the company ’s representative usually
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Void and Illegal Contracts Void Contracts Void contracts are basically those which contravene a provision in a statute or are contrary to public policy at common law but to which the ex turpi causa principle does not apply. Void by Statute A statute may declare expressly that a particular contract is void‚ eg s 45 of the Trade Practices Act 1974 which provides that clauses purporting to exclude‚ restrict‚ or modify the liability of a corporation imposed by Division 2 Part V of the Act (that
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ARISTOTLE Aristotle was Plato’s greatest student. One of his big contributions to philosophy was the theory of the four kinds of causes. Aristotle’s ideal state would be ruled by the virtuous citizens. Aristotle thinks that a state is an association for allowing each citizen to live well. What was Aristotle’s notion of friendship? It was broader than our modern notion of friendship. It was closer to the idea of people helping each other be virtuous. Aristotle thought the state had a duty to morally
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Essential elements of Contracts BUS 670 Legal Environment Instructor: Mark Cohen 09/26/2011 Essential elements of Contracts All contracts share some common elements. A contract starts when an offer is made‚ certain requirements need to be satisfied to ensure the agreement is legal‚ in particular a capacity of parties to contract has to be proven‚ the legal purpose of the agreement and the satisfaction of consideration‚ before the offer is accepted. Contracts have common elements in
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Contents Introduction 2 Theory 3 LIFT COEFFICIENT 3 DRAG COEFFICIENT 4 VORTEX 6 SLENDER WING-BODY 6 VORTEX-LATTICE METHOD (VORLATM1) 7 POLHAMUS LEADING EDGE SUCTION ANALOGY 8 APPARATUS 11 Results and Procedures 11 Experimental data 12 Example of calculations 15 Discussion 24 Conclusion 32 References 33 Appendix 35 Introduction The aim of this experiment is to understand the non-linear aerodynamic characteristic of a slender wing-body (rocket shaped) by installing the slender wing-body inside
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CONTRACT LAW NOTES It is a legal enforceable agreement entered into by two or more different persons with legal capacity. The parties should have serious intention to create legally binding obligations. Their agreement needs to be within parities’ contractual capacity. Furthermore‚ parties should communicate such intention without vagueness each to the other and being of the same mind to the subject matter. Essentials of a contract a) it should be lawful b) possible of performance c) within
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OBLIGATIONS AND CONTRACTS REVIEWER TITLE I – OBLIGATIONS CHAPTER 1 GENERAL PROVISIONS 1156. An obligation is a juridical necessity to give‚ to do‚ or not to do. JURIDICAL NECESSITY – juridical tie; connotes that in case of noncompliance‚ there will be legal sanctions. - An obligation is nothing more than the duty of a person (obligor) to satisfy a specific demandable claim of another person (obligee) which‚ if breached‚ is enforceable in court. - A contract necessarily gives rise to an obligation
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