The following article will address the basics of what makes a contract valid. In addition‚ this paper will include an example of a contract as well as which sections make it a valid contract. Then‚ a contract made between my husband and me‚ to demonstrate a simple contract. This paper will also go into the factors that make a verbal contract lawful. MGM230-0903B-04_P2-IP Many factors make up a valid contract‚ or a promise in which the law will enforce. First there needs to be an agreement
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With the presence of contract law‚ it helps to elimiate any injustice an individual or company might face when engaging in negotiation. It protects the interest of the different parties involved. In the case given‚ contract law will jusitiy an individual legal rights. The element of contract law includes offer‚ acceptance‚ consideration and an intention to create legal relation. In the scarnio give‚ we need to ascertain the basic fundamental of the contract law. The possibility of Bill taking legal
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participants (offerees). Unfortunately‚ one of the cat‚ Bimmie‚ is injured and this made David to terminate the contract. In relation to this case‚ the offer and acceptance‚ thus the making of agreement‚ has been established. Offer‚ is when an offeror offers anything to the offeree‚ then the offeree makes an agreement through acceptance‚ which then forms and agreement‚ thus where the offer and acceptance is being applied. In light to this question‚ it will be tackled on how David will deal with these offerees
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Diploma in Law Contract Law Examination Paper DATE: 16 June 2010 TIME: AM TIME ALLOWED: THREE HOURS INSTRUCTIONS TO CANDIDATES Where questions are sub-divided‚ candidates should not expect the sub-divisions necessarily to be of equal weight. Materials provided: GDL Statutory Extracts (which MUST be returned UNMARKED at the end of the examination). You must answer THREE questions out of SIX Continued Overleaf OA6544 1 © The College of Law 2010 This is for rough
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LAW/421 Version 1 Contemporary Business Law Individual Assignment: Role and Functions of Law Paper Laws are set by government to create a better society and business transactions. Laws are created and do force us to give some our freedom to be able to live in a safe environment and feel comfortable to make transactions. Through Laws it helps adjust social behavior‚ which allows society to work effectively. Laws also are put forth to have ethical standards in society and business‚ so that no one
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Role of Functions and Law Paper Law/421 Contemporary Business Law August 1‚ 2011 Corey Frost Role and Functions of Law Paper The roles and functions of laws help provide guidelines and rules for individuals and businesses to follow. These laws provide rules‚ for such things that are not acceptable in society as well as business. Throughout this paper Kerri will define the functions and role of law in business and society. Kerri will also discuss the functions and role
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This situation between John and Mark is kind of unique. John signs a contract to sell some of his property to Mark on August 1st‚ but John delays the date until November 1st and we do not know the reason for Johns delay. This makes Mark must incur additional expenses for his national dog breeding company called Remington Sporting Dog Breeders. Mark must find a suitable alternate location to house his dogs until the new November closing date. Before I read the chapters this week I looked over this
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Case Scenario: Big Time Toymaker LAW/421 April 23‚ 2012 Professor Douglas Edmunds 1. At what point‚ if ever‚ did the parties have a contract? The parties had a contract when they spoke of and agreed on the deal that was later followed up by a BTT manager via email. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? The facts that weigh in favor of chow include the email that was sent to him from the BTT manager as well as the fax
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The Role of Law Esther Sellers The role of law in business is at the heart of everything we do as a United States. The forming of the United States and our Constitution is at the heart of all of our legal decisions. We hold the constitution up to the scrutiny of every case that is presented to the courts. Our laws are created by our executive branches and legislative branches and upheld by our courts. When a federal law is created there are many processes that it goes through
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being introduced in this case. Mr. Good put up an article on The Best Daily saying that he would share half of the advertising cost for anyone who places an advertisement in Best Daily with the intention of ‘initiating major legal response to raise climate change consciousness of the people of Hong Kong’. Our client‚ Mr. Concern who responded to Mr. Good’s offer‚ placed advertisements in 15 newspapers expressing ‘support for social reform for the protection of environment’. This case arises when Mr
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