4. NOTES 4.1. THE ESSENTIALS OF A VALID CONTRACT A. ESSENTIAL No 1 The Parties Must Act Within Their Contractual Capacity What is contractual capacity? We view it in relation to the concepts of personality and legal status: PERSONALITY – determines that you are a legal entity or persona. As a result of this personality you acquire legal status ie your legal status defines that legal personality further. STATUS then describes your legal “condition” eg a married woman‚ A public
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Chap16 Justice is the highest goal of political life which dominates political debate. It is easier to identify to explore injustices than to define precisely what is lacking in an unjust situation or what an ideally just situation might be like. Justice is said to be the property of a distribution of something of goods but also of evils‚ some form of social justice is ultimate aim of political ideologies. Many people associate the term primarily with justice in the legal system the punishment of
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Arts. 1305-1329 Art. 1305 Contracts- meeting of minds between two parties which takes place when anoffer by one party is accepted by the other; one or more persons bind himself or themselves with respect to another to the fulfillment of a prestation to give‚ to fo or not to do. Contract and obligation distinguished: Contract | Obligation | One of the sources of obligations | Legal tie or the relation to itself that exists after a contract has been entered into. | Contract and agreement
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debt of another contingent up the happening of some external event. 3) Which of the following is a distinguishing feature of a common law legal system? A. The sole source of law is a comprehensive civil code B. Requiring guilt be proven beyond a reasonable doubt C. An appeal process D. The making of law by the judges and the following of precedent 4) If a corporation is properly incorporated in one state and wants to do business in second
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Just In Time Inventory Management Definition: Just-in-Time (JIT) inventory management is the process of ordering and receiving inventory for production and customer sales only as it is needed and not before. This means that the company does not hold safety stock and operates with low inventory levels. This strategy helps companies lower their inventory carrying costs. Just-in-time inventory management is a cost-cutting inventory management strategy though it can lead to stock-outs. The goal
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Latimer defines consideration as “something for something” or the exchange of promises from each party-from the promisor to the promise-which turns the agreement into a contract. Contracts are the basis of the business and therefore understanding the law of contract is essential for persons wishing to engage in business. There would be no business without contracts. To make a contract legally enforceable six prerequisites should be followed. They are intention to create legal relations‚ agreement‚ consideration
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Just-in-Time Inventory System Xingyu Wang ACCT-518 Kettering University Just-In-Time Inventory System Due to the changing economic flows that are happening around the globe‚ management is certainly looking for a way that their business can adopt to it. Customer preferences is not the only determining factor that management consider nowadays‚ but also the development that caused by climate change and the increasing cost of raw materials. These factors urge managers to look for a better way of managing
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justice. The other area where this is seen in the criminal justice system is in the Crown Court where juries are used. There many advantages and disadvantages of lay magistrates. Advantages There are many advantages of lay magistrates below is a list of just a few. Cross section of society Lay magistrates provide a wider cross section of society on the bench with 50% of magistrates being women and over 7% ethnic minorities in comparison to professional judges. Lay magistrates are more representative than
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Nike “Just Do It” Campaign Meaghan Carter-Morris Valdosta State University The campaign I decided to research was the “Just Do It” campaign done by Nike. Named after the Greek goddess of victory‚ it is no surprise that Nike has been one of the most successful sports apparel franchises in history. The brand was born through the collaboration of Oregon track coach Bill Bowerman and Blue Ribbon Sports associate Phil Knight. Seeking a profitable career without giving up his love for sports‚ Phil
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Argument Essay : Just Be Yourself The rite of passage that is thw most significant to me is “Just Be Yourself.” In the story it talks about you just trying to learn how to be yourself. It talks about a girl learning to be who she is. In school I have tried to make friends‚ but I haven’t done well. At school I feel like I barely have any friends. I will give you three reasons why I have chosen this rite of passage. My first reason is that I have never fit in at school. In the story “Just Be Yourself”
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