substantiate your answer. A legally binding contract needs consideration as it is an important element. So‚ a valid contract will not exist without consideration. By promise someone sacrifices or gives something and other people take something. This kind of giving or taking and sacrificing is called consideration by law. If one party promises without any consideration that is a gift. Consideration is an essential element for the formation of a contract. It may consist of a promise to perform a desired
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Introduction: Contract law is come from a Latin phrase‚ which is pacta sunt servanda (pacts must be kept). Everyday‚ all of us make contracts. It can be a written contract if required‚ for example when buying a car. On the other hand‚ the most common of contracts can be and are made orally‚ like buying from the mini market. A contract intends to make a legal agreement between two or more people or businesses (called parties) that sets forth what the parties will or will not do. Thus‚ The law recognizes
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LAWS OF MALAYSIA REPRINT Act 265 EMPLOYMENT ACT 1955 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION‚ MALAYSIA UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968 IN COLLABORATION WITH PERCETAKAN NASIONAL MALAYSIA BHD 2006 2 Laws of Malaysia ACT 265 EMPLOYMENT ACT 1955 First enacted … Revised … … … … … … … … … 1955 (F.M. Ordinance No. 38 of 1955) 1981 (Act 265 w.e.f. 18 February 1982) PREVIOUS REPRINTS First Reprint Second
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LAW& AUDIT What is Law? Law means a ‘set of rules’ which governs our behaviours and relating in a civilized society. So there is no need of Law in a uncivilized society. Why Should One Know Law? One should know the law to which he is subject because ignorance of law is no excuse. Sources of Mercantile Law in India English Mercantile Indian Status Law Judicial Decisions Customs and Usages STUDY NOTE – 1 : INDIAN CONTRACT ACT‚ 1872 Section 1:Short Title The Indian contract Act
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1.0 INTRODUCTION. Law of Malaysia Section 24 state that‚ the consideration or object of an agreement is lawful‚ unless it is forbidden by a law. It is of such a nature that‚ if permitted‚ it would defeat any law. Besides that‚ the agreement is lawful unless it is fraudulent‚ it involves or implies injury to the person or property of another or the court regards it as immoral‚ or opposed to public policy. In each of the above cases‚ the consideration or object of an agreement is said to be unlawful
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UNIVERSITY OF NAIROBI FACULTY OF LAW TAPE RECORDED LECTURES THE LAW OF EVIDENCE LLB II 2003 LAW OF EVIDENCE Lesson 2 RELEVANCE & ADMISSIBILITY RES GESTAE ‘Res Gestae’‚ it has been said‚ is a phrase adopted to provide a respectable legal cloak for a variety of cases to which no formula of precision can be applied’. The words themselves simply mean a transaction. Under the inclusionary common law doctrine of Res Gestae‚ a fact or opinion which is so closely associated in time‚ place
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NATIONAL ECONOMIC UNIVERSITY BUSINESS SCHOOL Module title: Business Law Title of assessment: Michael Ltd Course: E-MBA 13B Submission date: Wednesday‚ 8th April 2015 Time: no later than 18:00PM Submission location: Member in group: 1. Nguyễn Thanh Mai EMBA13102 2. Nguyễn Thị Ngọc EMBA13112 3. Nguyễn Văn Huyên EMBA13077 Word count: 1‚313 words. TABLE OF CONTENTS CONTENTS 3 I. In case of material delivered to Refressment Ltd and orders received by Refressment Ltd were not passed on
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than $75‚000 in potential damages may be filed in a federal court. 2. ｂ : n the legal system of the United States‚ a long arm statute is a law which allows a court to exercise jurisdiction over people and companies in other states. owever‚there are a number of ways in which jurisdiction is limited. In the case of a long arm statute‚ the law involved is the law limiting personal jurisdiction‚ determining where people can be tried on the basis of their residence and connections. Normally‚ a court in
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Civil Law Aims‚ Parties‚ Why we require civil law and areas of civil law. A civil case is a lawsuit between one person (or organisation) against another. To right a perceived wrong in a legal sense. It can include cases of defamation‚ neighbour disputes‚ negligence leading to personal injury or the recovery of debts. Judgements in a civil case could include payment of damages (and court costs) or an enforceable court order. The purpose of civil law is to uphold the rights of individuals and
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Salesperson‚ whether there is a formation of a contract. To determine if an offer exists‚ an offer will be differentiated from an invitation to treat. Secondly‚ the offer and acceptance of the last offer will be identified. Thirdly‚ Fitness for purpose (SOGA) will be explained. With regard to Peter v Manufacturer‚ the “Guarantee” of consumer goods (UCTA) will be explained. Lastly‚ Peter will be advised regarding this issue. 2. Peter v Salesperson Applicable Law 1: Issue This issue is whether the
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