After the colossal Equifax data breach‚ should CEO Richard F. Smith be put in jail? According to NBC‚ the breach affected up to 143 million people. This is nearly half the population of the United States. The breach revealed credit card numbers‚ social security numbers‚ addresses‚ and other information. NBC also stated the breach did not just affect Equifax customers meaning everyone should be cautious. These and other reasons are why individuals believe Richard F. Smith should be jailed. Richard
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promise to hold an offer open for a time is not enforceable (as there is no consideration). BUT option contracts have consideration for the promise Mobil Oil Australia v Lyndel If the performance of a unilateral contract has commences the offeror can revoke it but there may (Depending on circumstances) be an implied ancillary (side) unilateral contract to not revoke it which you would be in breach of Stevenson‚ Jaques & Co v McLean Inquiry as to a method of payment is not a rejection of an offer. Rejection
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Learning Team Weekly Reflection Law/421 University of Phoenix In Week one of Contemporary Business Law‚ Team A learned about substantive‚ procedural‚ criminal‚ civil‚ common‚ and statutory law. In the reading assignments for week one‚ we discerned the differences that separate the laws and how the courts enforce the laws. Corporations and businesses are awarded protections under the Amendments to the
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Contract Creation and Management Erica Ackerman University of Phoenix Online Business Law LAW 531 Laurie Wicker April 30‚ 2012 Contract Creation and Management Introduction A contract is a binding agreement between two or more mutual parties. When people enter into a contract‚ they must abide by every article of the contract or they are in danger of a lawsuit for breach of contract (Cheeseman‚ 2010). The author of this paper completed the contract creation and management simulation
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Case Scenarios: Grocery‚ Inc.‚ Presentation LAW/521 February 3‚ 2014 Stuart Schwartz Case Scenarios: Grocery‚ Inc.‚ Presentation Grocery‚ Inc. Uniform Commercial Code The Uniform Commercial Code (UCC) applies to sales contracts that are agreements for the sale of tangible‚ moveable goods (Melvin‚ Chapter 8‚ 2011). Therefore‚ the UCC Article 2 would apply to Grocery Inc. and the different vendors that are making agreements‚ but only if the contract was missing or had open terms. “Article
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Mutual Mistakes in Contract Law 4-3 Mutual Mistakes in Contract Law Southern New Hampshire University Abstract In contractual law‚ a mutual mistake is: “Where a mistake of both parties at the time of contract was made as to a basic assumption on which the contract was made has a material effect on the agreed exchange of performances‚ the contract is voidable by the adversely affected party unless he bears the risk of the mistake under the rule stated in 154.” (Rasmusen‚ 1993) 4-3
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081-AC1221-60 Company Law ASSIGNMENT ONE The case concerns the pre-incorporation contracts. Firstly‚ it is necessary to define the pre-incorporation contracts. They are the contacts which the promoter wants to enter the contract before a company is incorporated. Under Common law position‚ the company cannot gain contractual rights or incurs liabilities from a pre-incorporation contract. Also; the pre-incorporation contracts cannot bind the company. In this case‚ Bosco is the promoter who
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Function and Role of Law in Business and Society LAW 421 Function and Role of Law in Business and Society Our system of societal life could not exist without a set of rules that govern human behavior or business interactions. Black’s Law Dictionary defines these rules‚ called “law‚” as “the body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force” (Melvin‚ p. 4‚ 2011). The most important aspects of law is that it creates duties‚ obligations‚ and
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the terms outlined in a contract until they find themselves at the receiving end of litigation. In addition‚ they do not recognize that a contract can be established with as little as a verbal agreement between parties which can‚ as with a written contract‚ become the basis to award damages in the event that one or more members default on the agreement. When individuals make purchases they form contracts with the entity whose business they patronize. Formation of a contract for sale need only entail
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Running Head: THE BREACH OF TRUST AND PROVIDING GOOD CARE THE BREACH OF TRUST AND PROVIDING GOOD CARE JOLY S. PHILIP Grand Canyon University: NRS-437v Instructor: Amy Salgado 07/27/2012 Introduction The concept of confidentiality in nursing is founded on the philosophy and principles laid out by the Hippocratic Oath and Nightingale Pledge. The ethical need for confidentiality emerges from the need for establishing a trustful relationship between the patient and the nurse. The patient
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