A valid contract consists of all essential components which present and the court will enforce as a legally binding promise . One of the elements contract to create a contract is agreement which included an offer and acceptance. “Acceptance is a final and unqualified assent to the terms of the offer‚ made in the manner specified or indicated by the offeror” . Acceptance may be express orally‚ in writing‚ occasionally‚ or even by implied from the offeree’s conduct. In communication of acceptance‚
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References: (1) Biography of Guru Nanak- book (2) www.sikhhistory.com (3) http://en.wikipedia.org/wiki/Guru_Nanak (4) http://www.oxfordsikhs.com/SikhAwareness/Guru-Nanak-Dev-Ji_261.aspx Biography (About the author) My name is Dhruv Miglani. I am an eighth-grader at Shishu Bharthi. I have been taking Hindi and culture at
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Example of bad debts recovered: The balance for Debtor A; RM 1‚500 as at 1/1/2011. On 15/3/2011‚ Debtor A could not be traced and was written off as bad debts. On 20/10/2011‚ Debtor A repaid his debt by cheque for RM 1‚500. Accounting period ends on 31/12/2011. |Date | | |JOURNAL |Debit (RM) |Credit (RM) | |15/3/2011 |DR | |Bad debts expense
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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 are
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Table of content: 1.1 The importance of the essential elements required for the formation of a valid contract-explain (P1.1) A contract will be enforceable if it can satisfy some basic conditions. These type conditions are known as elements of essential for a valid contract. Every legal contract satisfies these conditions. Without satisfying these conditions a contract can’t be acceptable. That’s why for the formation of a legal contract satisfying the essential elements is very important. The
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syllogism is valid or not‚ if the premises are true‚ than the conclusion must be true. Accordingly‚ this means that when the major premise(including the predicate) and the minor premise(including the subject) are true‚ the conclusion(including both the subject and the premise) must in fact be true. Furthermore‚ out of the two hundred fifty six logically distinct syllogisms‚ only twenty four are valid types. Additionally‚ a way for the audience to tell whether or not a syllogism is valid is if there
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ESSENTIAL ELEMENTS OF A VALID CONTRACT: To be enforceable by law an agreement must possess the essential elements of a valid contract as laid down by Sec.10 of Contract Act in the following terms; ‘All agreements are contracts if they are made by the free consent of parties competent to contract‚ for a lawful consideration and with a lawful object‚ and are not hereby expressly declared to be void.’ Following are the conditions for validity of the contract in detail. 1. Offer and Acceptance:
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Communication Phenomena (Ideas & Definitions) When discussing communication phenomena it’s helpful to first define it. Communication is defined as the exchange of thoughts‚ messages or information by speech‚ signals‚ writing or behavior. (Houghton Mifflin Company‚ 2013) A phenomena is defined as a fact‚ occurrence or circumstance observed or observable that is also remarkable or extraordinary. It is acceptable then to say a definition of communication phenomena is the exchange of thoughts and ideas
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ESSENTIALS OF A VALID CONTRACT A valid contract has to have the following essential characteristics: * Proper offer and acceptance An offer to be valid must contain certain conditions such as it must intend to create legal relationship‚ its terms must be certain and unambiguous‚ it must be communicated to the person to whom it is being made. An acceptance to be valid must fulfill certain conditions such as it must be communicated by an authorized person before the offer lapses. *
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Outline of Memory MEMORY The ability to retain information over time –Active system that receives‚ stores‚ organizes‚ alters‚ and recovers (retrieves) MEMORY The ability to retain information over time –Active system that receives‚ stores‚ organizes‚ alters‚ and recovers (retrieves) THREE STAGES/TYPES OF MEMORY •SENSORY •SHORT TERM (WORKING) •LONG TERM THREE PROCESSES •ENCODING •STORING •RETRIEVING Stages of Memory •SENSORY (IN RAW FORM) –The first stage of memory –Stores an exact copy of incoming
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