There are four main elements that must be in a contract to deem it valid. The first of which is an offer. The offer is the initial start to any interaction from one or more parties intending to enter into a contract. An offer is defined as‚ the price at which an individual is willing to sell a security or commodity. This is the opposite of bid‚ which is the price at which an individual is willing to buy a security. An offer is the same as an Ask. The person to make the offer or have something
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partnership debts | Limited partners are prohibited by law from participating in management‚ can lose more than their investments‚ and get less than the general partners of unusually high profits | One partner can transfer a profit interest to an external party‚ but not control. | The general partners usually receive a management fee and share in profits. | There is only one level of taxation. General partnership
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to Jenny is not binding. Advise Jenny as to whether she has any cause of action against her father. This case pertains whether a clear promise was demonstrated to form a legal contract between Jenny and her father to determine whether Jenny has any cause of action against her father. According to the contracts act 1950‚ section 2(d)‚ when at the desire of the promisor‚ the promise or any other person has done or abstained from doing‚ or does or abstains from doing‚ or promises to do or to
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Class Contract Please answer the following questions by referring to your Syllabus. Submit your answers in a Word or PDF document and upload your answers in D2L in the Class Contract Assignment . 1. What is the official title of this course? Who is your instructor? Legal and Ethical Environment of Business Cristen Dutcher‚ J.D.‚ 2. Is this an online course‚ or a face to face course? The course is online and face-to-face 3. Weekly assignments are mandatory. YES or NO
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topic in the past thirty years‚ the factors which deem it beneficial are still little understood. What this paper attempts to set forth is an explanation of why integrative bargaining is a successful and desirable method of negotiating. With a better understanding of why integrative bargaining is effective‚ negotiators may be better able to utilize this method to its full potential. This paper culminates with a suggestion on how to best exploit this new understanding. Research up to this point has
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six different types of law‚ which are: substantive‚ procedural‚ criminal‚ civil‚ common and statutory. In all cases certain US Constitution amendments must be applied in order to protect the rights of the business or organization. Discussion Criminal law is the portion of the law that deals with legal punishments of criminal defences. Whereas‚ civil law deals with disputes between individuals‚ organizations in which compensation is awarded to the victim. Criminal law cases are dealt with by
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Full Disclosure Paper ACCT/421 Full Disclosure Paper Company’s today accounting practices have changed a lot due to recent scandal that has occurred in the past years. Many companies disclose their accounting practice to ensure that all review parties of their books understands the basics of their accounting. The company full disclosure should states future event that may or will occur‚ and material economic impact on the financial position of the business that is located
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ARTICLE SYNOPSIS In your own words‚ summarize the article. The article details the growing world of businesses and the law’s need to keep up to regulate new developments. A lot of companies now offer services or products online in some capacity‚ making them an E-Business. Some companies operate almost entirely online‚ such as Amazon. Other companies that operate mostly offline‚ such as Coca Cola‚ still maintain some sense of presence online. As businesses grow in these capacities‚ they must
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Contract Paper Danny Davidson sold a single family home to Paul and Priscilla Peterson. A long-term relationship between Danny and Paul is the basis for not including a written agreement. The simple contract was made orally and only included the legal object and the amount to be paid. Danny did not disclose a dispute with his neighbor over boundary lines or include information about a soil subsidence in the front yard he claims not to have known about. Contract Elements Four elements are necessary
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Q1: What is a tort? Tort: A civil wrong not arising from a breach of contract; a breach of a legal duty that proximately causes harm or injury to another. Q2: What are the four elements of negligence? They are Duty‚ Breach‚ Injury‚ and Causation. Q3: Is Shannon liable for the tort of negligence? Yes‚ she is. First of all‚ she has been told by her physician that not to drive after taking the medication. Thus she has the duty not to drive in order to take care
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